154-0502/01 – Insurance I. (INS I.)

Gurantor departmentDepartment of FinanceCredits3
Subject guarantorprof. Dr. Ing. Zdeněk ZmeškalSubject version guarantorprof. Dr. Ing. Zdeněk Zmeškal
Study levelundergraduate or graduateRequirementCompulsory
Study languageEnglish
Year of introduction2007/2008Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
PET308 Ing. Ingrid Petrová, Ph.D.
TIC02 prof. Ing. Tomáš Tichý, Ph.D.
VAL35 Ing. Jiří Valecký, 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+0

Subject aims expressed by acquired skills and competences

The overall aim of the course is to get students acquainted with the fundamentals of insurance and its functioning as a system. In short, at the end of this course students will have a fundamental knowledge of terms and concepts used in insurance business, and should be able: • to describe subjects and principles of insurance. • to distinguish between different products of life and non-life insurance. • to identify the role of the domestic and European insurance markets.

Teaching methods



The subject is the fundamentals for insurance studies. The content should be fundamental information on insurance area and its function as a system. The aim is to teach students the insurance area in its social and commercial form, characteristics and specifics of national insurance market and its participants. Attention is paid to personal, property and public liability insurance products availability on the Czech insurance market.

Compulsory literature:

HARRINGTON, Scott and Gregory NIEHAUS. Risk Management and Insurance. 2nd ed. Mcgraw Hill, 2004. KWON, W. Jean and Harold D. SKIPPER. Risk Management and Insurance: Perspectives in a Global Economy. Wiley-Blackwell, 2007. THOYTS, Rob. Insurance Theory and Practice. Routledge, 2010.

Recommended literature:

DORFMAN, Mark S. Introduction to Risk Management and Insurance. Prentice Hall, 2005. OLIVIERI, Annamaria and Ermanno PITACCO. Introduction to Insurance Mathematics: Technical and Financial Features of Risk Transfers. Springer, 2011. WÜTHRICH, Mario V. and Michael MERZ. Financial Modeling, Actuarial Valuation and Solvency in Insurance. Springer, 2013.

Way of continuous check of knowledge in the course of semester


Other requirements



Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Introduction. 2. Insurance sector and insurance companies. 3. History and evolution of insurance. 4. Commercial insurance classification 5. Insurance contract. 6. Life insurance. 7. Pension insurance. 8. Non-life insurance. 9. Non-life insurance. 10. Non-life insurance. 11. Social insurance.

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester, validity until: 2014/2015 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (145) 51
        Examination Examination 100  0
        Exercises evaluation Credit 45  0
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2008/2009 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner