Insurance II.

Type of study	Follow-up Master
Language of instruction	English
Code	154-0520/03
Abbreviation	INS II.
Course title	Insurance II.
Credits	5
Coordinating department	Department of Finance
Course coordinator	prof. Ing. Tomáš Tichý, Ph.D.

Subject syllabus

1. Introduction.
2. Decision making processes in insurance.
3. Risk and insurance, risk management.
4. Insurance company – basic aspects of founding, running and cessation of insurance company.
5. Financial statements, solvency, specific financial ratios for insurance companies.
6. Regulation of insurance – solvency and solvency capital requirements.
7. Premium calculation.
8. Insurance benefits.
9. Technical provisions.
10. Managing investments in insurance company, insurance legislation.
11. Reinsurance and coinsurance, finite risk insurance.
12. Alternative risk transfer ART, developmental 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. .

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.

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