154-0928/01 – Insurance models and their applicability (PMV)

Gurantor departmentDepartment of FinanceCredits10
Subject guarantorprof. Ing. Tomáš Tichý, Ph.D.Subject version guarantorprof. Ing. Tomáš Tichý, Ph.D.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
TIC02 prof. Ing. Tomáš Tichý, Ph.D.
ZME40 prof. Dr. Ing. Zdeněk Zmeškal
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

The course aims at providing knowledge of the principles of insurance models and their application within management of insurance companies and other entities. It is therefore focused on particular aspects of insurance risk estimation in all branches of insurance sector and their subsequent management.

Teaching methods

Lectures
Individual consultations

Summary

The course is focused on particular aspects of insurance risk estimation in all branches of insurance sector and their subsequent management. It also covers calculation of technical provisions, related investment issues and pricing problems. An inherent part of the course is the analysis of institutional dimension.

Compulsory literature:

CRUZ, M. The Solvency II Handbook. Risk Books, 2009. DOFF, R. Risk Management for Insurers: Risk Control, Economic Capital and Solvency II. Risk Books, 2007. SANDSTROM, A. Handbook of Solvency for Actuaries and Risk Managers: Theory and Practice. Boca Raton: CRC Press, 2010.

Recommended literature:

HULL, J. C. Risk Management and Financial Institutions. Willey, 2012. INGERSOLL, J. E. Theory of Financial Decision-Making. Totowa: Rowman & Littlefield, 2000. SANDSTROM, A. Solvency: Models, Assessment and Regulation. Boca Raton: CRC/Chapman, 2005.

Way of continuous check of knowledge in the course of semester

Written and oral exam

E-learning

Other requirements

There are no additional requirements on students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Analysis of insurance sector, competition and concentration 2. Financial statements, reporting, efficiency and performance evaluation 3. Business strategy models, marketing and sale analysis and network structure 4. Mergers and valuation of insurance companies 5. SOLVENCY and other regulation approaches 6. Risk management in life insurance (premium, benefits, etc.) 7. Risk management in non-life insurance (premium, benefits, etc.) 8. Financial risk (investment, operational, …) management in insurance 9. Management of technical provisions 10. Social security and pension funds 11. Reinsurance and risk transferring models

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2020/2021 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner