154-0320/02 – System of Insurance II. (POJ II.)

Gurantor department	Department of Finance	Credits	4
Subject guarantor	prof. Dr. Ing. Zdeněk Zmeškal	Subject version guarantor	prof. Dr. Ing. Zdeněk Zmeškal
Study level	undergraduate or graduate
		Study language	Czech
Year of introduction	2012/2013	Year of cancellation	2020/2021
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
BOR30	Ing. Martina Borovcová, Ph.D.
VAL35	Ing. Jiří Valecký, Ph.D.
ZME40	prof. Dr. Ing. Zdeněk Zmeškal

Extent of instruction for forms of study
Form of study	Way 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.

Additional study materials

Study supports in the EduDocs system

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

There are no other requirements on students.

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

Conditions for completion are defined only for particular subject version and form of study

Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Form	Study language	Tut. centre	Year	Type of duty
2018/2019	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2017/2018	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2016/2017	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2015/2016	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2014/2015	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T010) Finance		P	Czech	Ostrava	1	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T010) Finance	(00) Finance	P	Czech	Ostrava	1	Compulsory	study plan
2012/2013	(N6202) Economic Policy and Administration	(6202T010) Finance	(00) Finance	P	Czech	Ostrava	1	Compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner
Subject block without study plan - EKF - P - cs	2019/2020	Full-time	Czech				Optional	EKF - Faculty of Economics	stu. block

Assessment of instruction

2015/2016 Summer

2013/2014 Summer