It is aimed that the students have the necessary knowledge and qualifications related to the insurance sector and insurance.
Course Content
This course contains; 1. Basic concepts of life insurance,2. History of life insurance,3. Basic concepts of non-life insurance,4. History of non-life insurance,5. Risk concept and management in insurance sector,6. Catastrophic risks and management techniques,7. Large numbers law and its use in insurance sector,8. Concept of reinsurance and reinsurance methods,9. Theoretical foundations of life insurance,10. Parties in life insurance,11. Production in life insurance,12. Non-life insurance,13. Production in non-life insurance,14. Technological developments and insurance sector.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
At the end of this course the student;
1. Define the basic parameters related to the insurance sector.
16, 9
A
1.1 Recognize insurance concepts specifically.
16, 9
A
1.2 Interpret real life cases with insurance concepts.
16, 9
A
2. It recognizes the functioning mechanisms of the insurance sector.
16, 9
A
2.1 Recognizes the regulatory authorities of the insurance industry.
16, 9
A
2.2 Discloses the system of insurance transactions.
16, 9
A
3. Recognize insurance and reinsurance markets.
14, 16, 6, 9
D, F
3.1 Define the functions of the insurance industry.
14, 16, 6, 9
D, F
3.2 Recognize the organizational and management structure of the insurance industry.
14, 16, 6, 9
D, F
4. Identify the risk and damage transactions in the insurance system.
14, 16, 6, 9
A, D
4.1 Learn the structure and organization of insurance transactions.
14, 16, 6, 9
A, F
4.2 Recognizes the structure and functioning of the insurance mechanism.
14, 16, 6, 9
A, F
5. Recognize financial management and audit functions in the insurance sector.
14, 16, 6, 9
A, D
5.1 Recognize the basic concepts of damage and premium management in the sectoral sense.
14, 16, 6, 9
A, F
5.2 Learn the importance of the insurance audit function.
14, 16, 6, 9
A, F
5.3 Learn the concept of risk management and the implications of international regulations in the insurance sector.
A: Traditional Written Exam, D: Oral Exam, F: Project Task
Course Outline
Order
Subjects
Preliminary Work
1
1. Basic concepts of life insurance
2
2. History of life insurance
3
3. Basic concepts of non-life insurance
4
4. History of non-life insurance
5
5. Risk concept and management in insurance sector
6
6. Catastrophic risks and management techniques
7
7. Large numbers law and its use in insurance sector
8
8. Concept of reinsurance and reinsurance methods
9
9. Theoretical foundations of life insurance
10
10. Parties in life insurance
11
11. Production in life insurance
12
12. Non-life insurance
13
13. Production in non-life insurance
14
14. Technological developments and insurance sector
Resources
Notes
Harrington, Scott. E.; Gregory R. Niehaus. Risk Management and Insurance . Second Edition Boston MA Irwin/McGraw-Hill, 2004.
George E. Rejda ve Michael J. McNamara, Risk Yönetimi ve Sigortacılık İlkleri. Nobel Yayıncılık. 12. baskıdan çeviri. Aralık 2015. Yayın no: 1405.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Students identify the basic concepts and gain knowledge related to banking and insurance.
X
2
Students acquire the current knowledge concerning the sector practices.
X
3
Students make a list of fundamental conceptual knowledge in the practical application of International Banking and Finance techniques.
X
4
Students explain procedures and principles to follow in banking and insurance transactions.
X
5
Students convey knowledge concerning financial markets and institutions.
X
6
Students identify and define transaction types in the banking and insurance sector.
X
7
Students rationally determine risks to be faced by the parties in both sectors.
X
8
Students explain risk types to occur in the sector and hedging techniques.
X
9
Students apply the acquired knowledge regarding the field of banking and insurance to their studies.
X
10
Students are fully aware that they need to adapt to the changes in the sector considering lifelong learning approach.
X
11
Students benefit from the domain knowledge and acquired skills for informing partners or partner institutions.
X
12
Students set up social responsibility projects related to the field they work in.
X
13
Students communicate with their colleagues and customers according to the rules of professional ethics.
X
14
Students effectively apply the acquired knowledge in the field of banking and insurance to their studies or professional lives.
X
15
Students discover asymmetric information problems to occur in the sector and indicate the necessary measures which need to be taken to prevent those kinds of problems.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
2
28
Guided Problem Solving
2
4
8
Resolution of Homework Problems and Submission as a Report
0
0
0
Term Project
2
1
2
Presentation of Project / Seminar
0
0
0
Quiz
4
8
32
Midterm Exam
1
2
2
General Exam
2
2
4
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
76
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(76/30)
3
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
LIFE and NON-LIFE INSURANCE
BNK2232650
Spring Semester
2+0
2
3
Course Program
Perşembe 16:30-17:15
Perşembe 17:30-18:15
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
Short Cycle (Associate's Degree)
Course Type
Required
Course Coordinator
Lect. Numan ÖZAKPINAR
Name of Lecturer(s)
Lect.Dr. Mehmet Çağatay BABACAN
Assistant(s)
Aim
It is aimed that the students have the necessary knowledge and qualifications related to the insurance sector and insurance.
Course Content
This course contains; 1. Basic concepts of life insurance,2. History of life insurance,3. Basic concepts of non-life insurance,4. History of non-life insurance,5. Risk concept and management in insurance sector,6. Catastrophic risks and management techniques,7. Large numbers law and its use in insurance sector,8. Concept of reinsurance and reinsurance methods,9. Theoretical foundations of life insurance,10. Parties in life insurance,11. Production in life insurance,12. Non-life insurance,13. Production in non-life insurance,14. Technological developments and insurance sector.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
At the end of this course the student;
1. Define the basic parameters related to the insurance sector.
16, 9
A
1.1 Recognize insurance concepts specifically.
16, 9
A
1.2 Interpret real life cases with insurance concepts.
16, 9
A
2. It recognizes the functioning mechanisms of the insurance sector.
16, 9
A
2.1 Recognizes the regulatory authorities of the insurance industry.
16, 9
A
2.2 Discloses the system of insurance transactions.
16, 9
A
3. Recognize insurance and reinsurance markets.
14, 16, 6, 9
D, F
3.1 Define the functions of the insurance industry.
14, 16, 6, 9
D, F
3.2 Recognize the organizational and management structure of the insurance industry.
14, 16, 6, 9
D, F
4. Identify the risk and damage transactions in the insurance system.
14, 16, 6, 9
A, D
4.1 Learn the structure and organization of insurance transactions.
14, 16, 6, 9
A, F
4.2 Recognizes the structure and functioning of the insurance mechanism.
14, 16, 6, 9
A, F
5. Recognize financial management and audit functions in the insurance sector.
14, 16, 6, 9
A, D
5.1 Recognize the basic concepts of damage and premium management in the sectoral sense.
14, 16, 6, 9
A, F
5.2 Learn the importance of the insurance audit function.
14, 16, 6, 9
A, F
5.3 Learn the concept of risk management and the implications of international regulations in the insurance sector.
A: Traditional Written Exam, D: Oral Exam, F: Project Task
Course Outline
Order
Subjects
Preliminary Work
1
1. Basic concepts of life insurance
2
2. History of life insurance
3
3. Basic concepts of non-life insurance
4
4. History of non-life insurance
5
5. Risk concept and management in insurance sector
6
6. Catastrophic risks and management techniques
7
7. Large numbers law and its use in insurance sector
8
8. Concept of reinsurance and reinsurance methods
9
9. Theoretical foundations of life insurance
10
10. Parties in life insurance
11
11. Production in life insurance
12
12. Non-life insurance
13
13. Production in non-life insurance
14
14. Technological developments and insurance sector
Resources
Notes
Harrington, Scott. E.; Gregory R. Niehaus. Risk Management and Insurance . Second Edition Boston MA Irwin/McGraw-Hill, 2004.
George E. Rejda ve Michael J. McNamara, Risk Yönetimi ve Sigortacılık İlkleri. Nobel Yayıncılık. 12. baskıdan çeviri. Aralık 2015. Yayın no: 1405.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Students identify the basic concepts and gain knowledge related to banking and insurance.
X
2
Students acquire the current knowledge concerning the sector practices.
X
3
Students make a list of fundamental conceptual knowledge in the practical application of International Banking and Finance techniques.
X
4
Students explain procedures and principles to follow in banking and insurance transactions.
X
5
Students convey knowledge concerning financial markets and institutions.
X
6
Students identify and define transaction types in the banking and insurance sector.
X
7
Students rationally determine risks to be faced by the parties in both sectors.
X
8
Students explain risk types to occur in the sector and hedging techniques.
X
9
Students apply the acquired knowledge regarding the field of banking and insurance to their studies.
X
10
Students are fully aware that they need to adapt to the changes in the sector considering lifelong learning approach.
X
11
Students benefit from the domain knowledge and acquired skills for informing partners or partner institutions.
X
12
Students set up social responsibility projects related to the field they work in.
X
13
Students communicate with their colleagues and customers according to the rules of professional ethics.
X
14
Students effectively apply the acquired knowledge in the field of banking and insurance to their studies or professional lives.
X
15
Students discover asymmetric information problems to occur in the sector and indicate the necessary measures which need to be taken to prevent those kinds of problems.
