Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| LIFE and NON-LIFE INSURANCE | BNK1232650 | Spring Semester | 2+0 | 2 | 3 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | Short Cycle (Associate's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. 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. |
| Course Learning Outcomes | 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. | 14, 16, 6, 9 | A, F |
| Teaching Methods: | 14: Self Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | 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 | Explains the concepts of banking and insurance, the relevant legislation, and recognizes the organizations that guide the sector. | X | |||||
| 2 | Performs basic-level activities in banking and insurance, communicates effectively, and utilizes digital tools. | X | |||||
| 3 | Possesses fundamental, up-to-date, and practical knowledge related to their profession. | X | |||||
| 4 | Gains knowledge about occupational health and safety, environmental awareness and quality processes. | ||||||
| 5 | Explains and issues policies for property, service, and life insurance. | X | |||||
| 6 | Students convey knowledge concerning financial markets and institutions. | X | |||||
| 7 | Students identify and define transaction types in the banking and insurance sector. | X | |||||
| 8 | Effectively utilizes information technologies (software, programs, animation, etc.) related to their profession. | X | |||||
| 9 | Students explain risk types to occur in the sector and hedging techniques. | X | |||||
| 10 | Follows current developments and practices in banking and insurance and uses them effectively. | ||||||
| 11 | Students apply the acquired knowledge regarding the field of banking and insurance to their studies. | X | |||||
| 12 | Has the ability to independently evaluate professional problems and issues with an analytical and critical approach and propose solutions. | ||||||
| 13 | Has awareness of career management and lifelong learning. | X | |||||
| 14 | Effectively presents their thoughts at the level of knowledge and skills through written and verbal communication and expresses them clearly. | X | |||||
| 15 | Uses a foreign language to follow information in their field and communicate with colleagues. | X | |||||
| 16 | Interprets fundamental data related to banking and insurance, identifies risks, defines problems, and proposes solutions. | X | |||||
| 17 | Possesses social, scientific, cultural, and ethical values in the collection, implementation, and dissemination of data related to their field. | X | |||||
| 18 | Takes responsibility as a team member to solve complex and unforeseen problems encountered in practices related to their field. | 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 | BNK1232650 | Spring Semester | 2+0 | 2 | 3 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | Short Cycle (Associate's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. 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. |
| Course Learning Outcomes | 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. | 14, 16, 6, 9 | A, F |
| Teaching Methods: | 14: Self Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
| Assessment Methods: | 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 | Explains the concepts of banking and insurance, the relevant legislation, and recognizes the organizations that guide the sector. | X | |||||
| 2 | Performs basic-level activities in banking and insurance, communicates effectively, and utilizes digital tools. | X | |||||
| 3 | Possesses fundamental, up-to-date, and practical knowledge related to their profession. | X | |||||
| 4 | Gains knowledge about occupational health and safety, environmental awareness and quality processes. | ||||||
| 5 | Explains and issues policies for property, service, and life insurance. | X | |||||
| 6 | Students convey knowledge concerning financial markets and institutions. | X | |||||
| 7 | Students identify and define transaction types in the banking and insurance sector. | X | |||||
| 8 | Effectively utilizes information technologies (software, programs, animation, etc.) related to their profession. | X | |||||
| 9 | Students explain risk types to occur in the sector and hedging techniques. | X | |||||
| 10 | Follows current developments and practices in banking and insurance and uses them effectively. | ||||||
| 11 | Students apply the acquired knowledge regarding the field of banking and insurance to their studies. | X | |||||
| 12 | Has the ability to independently evaluate professional problems and issues with an analytical and critical approach and propose solutions. | ||||||
| 13 | Has awareness of career management and lifelong learning. | X | |||||
| 14 | Effectively presents their thoughts at the level of knowledge and skills through written and verbal communication and expresses them clearly. | X | |||||
| 15 | Uses a foreign language to follow information in their field and communicate with colleagues. | X | |||||
| 16 | Interprets fundamental data related to banking and insurance, identifies risks, defines problems, and proposes solutions. | X | |||||
| 17 | Possesses social, scientific, cultural, and ethical values in the collection, implementation, and dissemination of data related to their field. | X | |||||
| 18 | Takes responsibility as a team member to solve complex and unforeseen problems encountered in practices related to their field. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |