154-0520/01 – Insurance II. (INS II.)

Gurantor department	Department of Finance	Credits	3
Subject guarantor	prof. Ing. Tomáš Tichý, Ph.D.	Subject version guarantor	Ing. Petr Polák, Ph.D.
Study level	undergraduate or graduate	Requirement	Compulsory
Year	1	Semester	summer
		Study language	English
Year of introduction	2009/2010	Year of cancellation	2018/2019
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
POL02	Ing. Petr Polák, Ph.D.

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

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:

DORFMAN, Mark S. Introduction to risk management and insurance. 8th ed. Upper Saddle River: Pearson Prentice Hall, c2005. 575 p. ISBN 0-13-144958-3. HARRINGTON, Scott E. a Greg NIEHAUS. Risk management and insurance. 2nd ed., international ed. New York: McGraw-Hill, c2004. 672 p. ISBN 0-07-123244-3. OLIVIERI, Annamaria a Ermanno PITACCO. Introduction to insurance mathematics: technical and financial features of risk transfers. Berlin: Springer, c2011. 463 p. ISBN 978-3-642-16028-8. WÜTHRICH, M.V., MERZ, M.: Stochastic Claims Reserving Methods in Insurance. Wiley, 2008.

Recommended literature:

THOYTS, Rob. Insurance theory and practice. London: Routledge, 2010. 323 p. ISBN 978-0-415-55904-1. SANDSTRÖM, Arne. Handbook of solvency for actuaries and risk managers: theory and practice. Boca Raton: CRC Press, c2011. 1055 p. ISBN 978-1-4398-2130-5. WÜTHRICH, Mario Valentin a Michael MERZ. Financial modeling, actuarial valuation and solvency in insurance. Berlin: Springer, c2013. 432 p. ISBN 978-3-642-31391-2. KWON, W.J., SKIPPER, H.D.: Risk Management and Insurance: Perspectives in a Global Economy. Wiley-Blackwell, 2007.

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:

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Conditions for subject completion

Full-time form (validity from: 2009/2010 Winter semester, validity until: 2011/2012 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation and Examination	Credit and Examination	100	51
Exercises evaluation	Credit
Examination	Examination			3

Mandatory attendence participation:

Show history

Conditions for subject completion and attendance at the exercises within ISP:

Show history

Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Zaměření	Form	Study language	Tut. centre	Year	W	S	Type of duty
2010/2011	(N6202) Economic Policy and Administration	(6202T010) Finance	(01) Finance		P	Czech	Ostrava	1			Compulsory	study plan
2009/2010	(N6202) Economic Policy and Administration	(6202T010) Finance	(01) 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

Assessment of instruction

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