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Terminated in academic year 2019/2020

Insurance II.

Type of study Follow-up Master
Language of instruction English
Code 154-0520/02
Abbreviation INS II.
Course title Insurance II.
Credits 4
Coordinating department Department of Finance
Course coordinator prof. Dr. Ing. Zdeněk Zmeškal

Subject syllabus

1. Introduction
2. Risk in insurance,risk management
3. Insurance benefits, insurance
4. insurance, its activities and impact on financial results
5. Insurance regulation.
6. Financial statements, solvency, financial ratios in insurance,
7. Insurance reserves
8. Investment management in insurance, legal acts
9. Internal structure and processes in insurance, its marketing
10. Reinsurance
11. Finite and financial reinsurance
12. Alternative trisk transfer ATR, trends in insurance

Literature

DORFMAN, M. S., CATHER, D. Introduction to risk management and insurance. 10th ed. Harlow: Pearson Prentice Hall, 2012. 496 p. ISBN 0-13-144958-3.
OLIVIERI, A., PITACCO, E. Introduction to insurance mathematics: technical and financial features of risk transfers. 2nd ed. Berlin: Springer, 2015. 526 p. ISBN 978-3-319-21376-7.
WÜTHRICH, M.V., MERZ, M. Stochastic Claims Reserving Methods in Insurance. Chichester: Wiley, 2008. 424 p. ISBN 978-0-470-77272-0 .

Advised literature

DICKSON, D. C. M. Insurance Risk and Ruin. 2nd ed. Cambridge: Cambridge University Press, 2017. 294 p. ISBN 978-1-107-15460-5.
SANDSTRÖM, A. Handbook of solvency for actuaries and risk managers: theory and practice. Boca Raton: CRC Press, 2011. 1055 p. ISBN 978-1-4398-2130-5.
WÜTHRICH, M. V., MERZ, M. Financial modeling, actuarial valuation and solvency in insurance. Berlin: Springer, 2013. 432 p. ISBN 978-3-642-31391-2.