154-0502/02 – Insurance I. (INS I.)
| Gurantor department | Department of Finance | Credits | 3 |
| Subject guarantor | prof. Dr. Ing. Zdeněk Zmeškal | Subject version guarantor | prof. Dr. Ing. Zdeněk Zmeškal |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 3 | Semester | winter |
| | Study language | English |
| Year of introduction | 2011/2012 | Year of cancellation | 2021/2022 |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
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
Lectures
Tutorials
Summary
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
E-learning
Other requirements
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Prerequisities
Subject has no prerequisities.
Co-requisities
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction