154-0928/01 – Insurance models and their applicability (PMV)
| Gurantor department | Department of Finance | Credits | 10 |
| Subject guarantor | prof. Ing. Tomáš Tichý, Ph.D. | Subject version guarantor | prof. Ing. Tomáš Tichý, Ph.D. |
| Study level | postgraduate | Requirement | Choice-compulsory type B |
| Year | | Semester | winter + summer |
| | Study language | Czech |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Doctoral |
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 any student
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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