| Course Unit Code | 154-0320/02 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | First Year |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| ZME40 | prof. Dr. Ing. Zdeněk Zmeškal |
| BOR30 | Ing. Martina Borovcová, Ph.D. |
| VAL35 | Ing. Jiří Valecký, Ph.D. |
| Summary |
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The aim of the subject is to teach students the complex problematic of
commercial insurance management. Main blocks of lectures are focused on: risk
and insurance management, insurance economics and management, risk transfer.
Exercise lectures are focused on practical analysis of insurance products. |
| Learning Outcomes of the Course Unit |
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The aim of the course is to develop students knowledge of the complex issue of management of insurance companies. At the end of this course students be able:
• to apply the principles risk management in insurance
• to identify the different areas of management (including financial management) of the insurance companies
• to distinguish between different forms of the risk transfer in the insurance sector
Based on work in tutorials, students should be able to prepare an analysis of different insurance tools, and determine optimal tool considering all the assigned criteria.
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| Course Contents |
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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
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| Recommended or Required Reading |
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| Required Reading: |
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CIPRA, Tomáš. Riziko ve financích a pojišťovnictví: Basel III a Solvency II. 1. vyd. Praha: Ekopress, 2015. 515 s. ISBN 978-80-87865-24-8.
OLIVIERI, Annamaria a Ermanno PITACCO. Introduction to insurance mathematics: technical and financial features of risk transfers. Berlin: Springer, c2011. 463 s. ISBN 978-3-642-16028-8.
ZMEŠKAL, Z., D. DLUHOŠOVÁ a T. TICHÝ. Finanční modely: koncepty, metody, aplikace. 3., přeprac. a rozšíř. vyd. Praha: Ekopress, 2013. 267 s. ISBN 978-80-86929-91-0.
DUCHÁČKOVÁ, Eva a Jaroslav DAŇHEL. Teorie pojistných trhů. Praha: Professional Publishing, 2010. 216 s. ISBN 978-80-7431-015-7.
|
CIPRA, Tomáš. Riziko ve financích a pojišťovnictví: Basel III a Solvency II. 1. vyd. Praha: Ekopress, 2015. 515 s. ISBN 978-80-87865-24-8.
OLIVIERI, Annamaria a Ermanno PITACCO. Introduction to insurance mathematics: technical and financial features of risk transfers. Berlin: Springer, c2011. 463 s. ISBN 978-3-642-16028-8.
ZMEŠKAL, Z., D. DLUHOŠOVÁ a T. TICHÝ. Finanční modely: koncepty, metody, aplikace. 3., přeprac. a rozšíř. vyd. Praha: Ekopress, 2013. 267 s. ISBN 978-80-86929-91-0.
DUCHÁČKOVÁ, Eva a Jaroslav DAŇHEL. Teorie pojistných trhů. Praha: Professional Publishing, 2010. 216 s. ISBN 978-80-7431-015-7.
|
| Recommended Reading: |
|---|
DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vyd. Praha: Ekopress, 2015. 305 s. ISBN 978-80-87865-25-5.
SANDSTRÖM, Arne. Handbook of solvency for actuaries and risk managers: theory and practice. Boca Raton: CRC Press, c2011. 1055 s. ISBN 978-1-4398-2130-5.
ZMEŠKAL, Z., M. ČULÍK a T. TICHÝ. Finanční rozhodování za rizika: sbírka řešených příkladů. 4. uprav. vyd. Ostrava: VŠB-TU Ostrava, 2013. 182 s. ISBN 978-80-248-3249-4.
CIPRA, Tomáš. Kapitálová přiměřenost ve financích a solventnost v pojišťovnictví. Praha: Ekopress, 2002. 271 s. ISBN 80-86119-54-8.
ČEJKOVÁ, Viktória. Pojistný trh. Praha: Grada, 2002. 119 s. ISBN 80-247-0137-5.
DUCHÁČKOVÁ, Eva. Principy pojištění a pojišťovnictví. 3. přeprac. vyd. Praha: Ekopress, 2009. 224 s. ISBN 978-80-86929-51-4.
CRUZ, M. The Solvency II Handbook. Riskbook, 2009.
HULL, J. C. Risk Management and Financial Institutions. Willey, 2012.
SANDSTROM, A. Solvency: Models, Assessment and Regulation. CRC – Chapman, 2005.
|
DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vyd. Praha: Ekopress, 2015. 305 s. ISBN 978-80-87865-25-5.
SANDSTRÖM, Arne. Handbook of solvency for actuaries and risk managers: theory and practice. Boca Raton: CRC Press, c2011. 1055 s. ISBN 978-1-4398-2130-5.
ZMEŠKAL, Z., M. ČULÍK a T. TICHÝ. Finanční rozhodování za rizika: sbírka řešených příkladů. 4. uprav. vyd. Ostrava: VŠB-TU Ostrava, 2013. 182 s. ISBN 978-80-248-3249-4.
CIPRA, Tomáš. Kapitálová přiměřenost ve financích a solventnost v pojišťovnictví. Praha: Ekopress, 2002. 271 s. ISBN 80-86119-54-8.
ČEJKOVÁ, Viktória. Pojistný trh. Praha: Grada, 2002. 119 s. ISBN 80-247-0137-5.
DUCHÁČKOVÁ, Eva. Principy pojištění a pojišťovnictví. 3. přeprac. vyd. Praha: Ekopress, 2009. 224 s. ISBN 978-80-86929-51-4.
CRUZ, M. The Solvency II Handbook. Riskbook, 2009.
HULL, J. C. Risk Management and Financial Institutions. Willey, 2012.
SANDSTROM, A. Solvency: Models, Assessment and Regulation. CRC – Chapman, 2005. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Exercises evaluation and Examination | Credit and Examination | 100 (100) | 51 |
| Exercises evaluation | Credit | 25 (25) | 13 |
| Other type of work | Other task type | 25 | 13 |
| Examination | Examination | 75 (75) | 38 |
| examination | Oral examination | 75 | 38 |