|
Lecturer(s)
|
-
Tatek Benetti Karina, Ing. Ph.D.
|
|
Course content
|
1. Risk - pure and purpose risk; subjective and objektive risk, risks in life of people and in economics. Different views on risk classification. Meaning of "Global Risk Report". 2. Risk management, his essence, phase, solving of existence risks on the basic of the principles risk management. Risk management in the context of business practice. ISO 31000 and ISO 1. The concept of risk - pure and purpose risk, subjective and objective risk, and the role of risk in people's lives and the economy. 2. The discipline of risk management - the essence, phases of risk management, solving the existence of risks based on the principles of risk management, and standards governing risk management. The risk manager's role is not only in the context of crisis management. Behavioural and psychological risk analysis. 3. The essence of the concept of insurance - financial category, financial service, part of the financial market. Insurance is one of the options for protection against risks. 4. Social insurance and health (general definition of the concept and essence, role, financing, organisation, and financing in the conditions of the Czech Republic. 5. Basic concepts and breakdown of private insurance (participants of insurance relations, contract and insurance conditions, insurance period, insurance premium and insurance performance, risk, and reserve insurance). 6. Insurable interest, forms of insurance (total and damage insurance, supplementary forms of insurance, their application, specific examples of calculating the amount of insurance benefits) and premiums (components in the structure of the premium, general approaches to determining the size of the net premium, bonuses and malus, administrative costs of the insurance company and their structure and role within the insurance price). 7. Life insurance - basic characteristics of life insurance, construction of basic forms of life insurance. The philosophy of the approach to determining the size of the net premium in life insurance. 8. Supplementary pension savings - the role and structure of supplementary pension savings (supplementary pension insurance) in general and in the conditions of the Czech Republic. Approaches to security are aging not only around the world. 9. Non-life insurance - basic characteristics of non-life insurance, construction of basic forms of non-life insurance (non-life insurance of persons, property, liability, legal protection). The philosophy of the approach to determining the size of the risk net premium in non-life insurance. 10. Insurance companies as business entities and their role in the financial market. Basic characteristics of the insurance company's economy include technical reserves, insurance, and technical risk. 11. Insurance - the structure of the insurance industry, distribution channels of insurance products, and basic approaches to the regulation of the insurance industry by the state. Role of reinsurance companies. 12. Digitization in the insurance industry (digital transformation, AI, InsurTech). 13. Insurance and sustainability, insurance companies as key players in the circular economy. 14. Developmental tendencies of insurance markets.
|
|
Learning activities and teaching methods
|
Monological explanation (lecture, presentation,briefing), Dialogue metods(conversation,discussion,brainstorming), Project teaching
- Class attendance
- 28 hours per semester
- Home preparation for classes
- 28 hours per semester
- Preparation for exam
- 34 hours per semester
|
|
Learning outcomes
|
Introduction to professional insurance problems, familiarization with notions used in the study of insurance management, basic principles of insurance functioning as economics category and financial service, inform with basic resemblance of insurance, especially private insurance and clearing contextures onto other economic category.
Students obtain knowledge in given course in accordance with requirements and course programme.
|
|
Prerequisites
|
Basic knowledge of insurance issues.
|
|
Assessment methods and criteria
|
Written exam
Exam: written (minimum 65 %).
|
|
Recommended literature
|
-
BOOTHROYD, K.; THOMPSON, C. Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management.. New York: Kogan Page., 2024. ISBN 978-1-3986-1865-7.
-
HULL J. C. Risk Management and Financial Institutions. Wiley Finance, 2023. ISBN 978-1119932482.
-
LANKFORD, K. The Insurance Maze: How You Can Save Money on Insurance and Still Get the Coverage You Need. Kaplan Publishing, 2006. 1st ed. 288 p. ISBN 978-14-19526-947..
-
McNAMARA, J. M. Principles of Risk Management and Insurance. Addison-Wesley, 2000. 1st ed. 484 p. ISNB 978-03-21076-977..
-
PRITCHARD, C. L. Risk Management: Concepts and Guidance. CRC Press, 2022. ISBN 978-1032340203.
-
REJDA, G., McNAMARA, J. M. Principles of Risk Management and Insurance. Pearson, 2016. ISBN 978-0134082578.
-
THOMPSON, C.; HOPKIN P. Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Enterprise Risk Management. Kogan Page, 2021. ISBN 978-1398602861.
-
World Economic Forum. Global risk report (for the relevant year). Available from: www.weforum.org..
|