154-0320/01 – System of Insurance II. (POJ II.)

Gurantor departmentDepartment of FinanceCredits3
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantorprof. Dr. Ing. Zdeněk Zmeškal
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2004/2005Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
BOR30 Ing. Martina Borovcová, Ph.D.
ZME40 prof. Dr. Ing. Zdeněk Zmeškal
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1

Subject aims expressed by acquired skills and competences

The aim of the course is to develop students knowledge of the complex issue of management of insurance companies. At the end of this course students be able: • to apply the principles risk management in insurance • to identify the different areas of management (including financial management) of the insurance companies • to distinguish between different forms of the risk transfer in the insurance sector Based on work in tutorials, students should be able to prepare an analysis of different insurance tools, and determine optimal tool considering all the assigned criteria.

Teaching methods

Lectures
Tutorials
Project work

Summary

The aim of the subject is to teach students the complex problematic of commercial insurance management. Main blocks of lectures are focused on: risk and insurance management, insurance economics and management, risk transfer. Exercise lectures are focused on practical analysis of insurance products.

Compulsory literature:

CIPRA, Tomáš. Riziko ve financích a pojišťovnictví: Basel III a Solvency II. 1. vyd. Praha: Ekopress, 2015. 515 s. ISBN 978-80-87865-24-8. OLIVIERI, Annamaria a Ermanno PITACCO. Introduction to insurance mathematics: technical and financial features of risk transfers. Berlin: Springer, c2011. 463 s. ISBN 978-3-642-16028-8. ZMEŠKAL, Z., D. DLUHOŠOVÁ a T. TICHÝ. Finanční modely: koncepty, metody, aplikace. 3., přeprac. a rozšíř. vyd. Praha: Ekopress, 2013. 267 s. ISBN 978-80-86929-91-0. DUCHÁČKOVÁ, Eva a Jaroslav DAŇHEL. Teorie pojistných trhů. Praha: Professional Publishing, 2010. 216 s. ISBN 978-80-7431-015-7.

Recommended literature:

DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vyd. Praha: Ekopress, 2015. 305 s. ISBN 978-80-87865-25-5. SANDSTRÖM, Arne. Handbook of solvency for actuaries and risk managers: theory and practice. Boca Raton: CRC Press, c2011. 1055 s. ISBN 978-1-4398-2130-5. ZMEŠKAL, Z., M. ČULÍK a T. TICHÝ. Finanční rozhodování za rizika: sbírka řešených příkladů. 4. uprav. vyd. Ostrava: VŠB-TU Ostrava, 2013. 182 s. ISBN 978-80-248-3249-4. CIPRA, Tomáš. Kapitálová přiměřenost ve financích a solventnost v pojišťovnictví. Praha: Ekopress, 2002. 271 s. ISBN 80-86119-54-8. ČEJKOVÁ, Viktória. Pojistný trh. Praha: Grada, 2002. 119 s. ISBN 80-247-0137-5. DUCHÁČKOVÁ, Eva. Principy pojištění a pojišťovnictví. 3. přeprac. vyd. Praha: Ekopress, 2009. 224 s. ISBN 978-80-86929-51-4. CRUZ, M. The Solvency II Handbook. Riskbook, 2009. HULL, J. C. Risk Management and Financial Institutions. Willey, 2012. SANDSTROM, A. Solvency: Models, Assessment and Regulation. CRC – Chapman, 2005.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

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Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction 2. Risk in insurance,risk management 3. Insurance benefits, insurance 4. insurance, its activities and impact on financial results 5. Insurance regulation. 6. Financial statements, solvency, financial ratios in insurance, 7. Insurance reserves 8. Investment management in insurance, legal acts 9. Internal structure and processes in insurance, its marketing 10. Reinsurance 11. Finite and financial reinsurance 12. Alternative trisk transfer ATR, trends in insurance

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 25 (25) 0
                Other task type Other task type 25  0
        Examination Examination 75 (75) 0
                Oral Oral examination 75  0
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2011/2012 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2010/2011 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2009/2010 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2008/2009 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2007/2008 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2006/2007 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2005/2006 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan
2004/2005 (N6202) Economic Policy and Administration (6202T010) Finance (00) Finance P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner