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System of Insurance I.

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code154-0302/03
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *Third Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
ZME40prof. Dr. Ing. Zdeněk Zmeškal
BOR30Ing. Martina Borovcová, Ph.D.
Summary
The subject is the fundamentals for insurance studies. The content should be fundamental information on insurance area and its function as a system. The aim is to teach students the insurance area in its social and commercial form, characteristics and specifics of national insurance market and its participants. Attention is paid to personal, property and public liability
insurance products availability on the Czech insurance market.
Learning Outcomes of the Course Unit
The overall aim of the course is to get students acquainted with the fundamentals of insurance and its functioning as a system. In short, at the end of this course students will have a fundamental knowledge of terms and concepts used in insurance business, and should be able:
• to describe subjects and principles of insurance
• to distinguish between different products of life and non-life insurance
• to identify the role of the domestic and European insurance markets
Course Contents
1. Introduction to insurance.
2. Insurance – basic concept and insurance activities. Insurance systems (commercial and social insurance).
3. History of insurance and insurance development – basic developmental periods, insurance development in Czech Republic.
4. Insurance classification - Insurance classification from the basic points of view (business lines, territorial competence, insured risks, insurance benefits, etc.).
5. Insurance policy - contractual insurance, requisites of insurance policy, policy conditions, effect of insurance and termination.
6. Life insurance - characteristics, basic concept, role of life insurance in economics, premium, life insurance contracts. Term insurance.
7. Life insurance – pure endowment insurance, various types of life policies, endowment insurance. Participating policies, unit-linked policies and universal life policies.
8. Contracts of 3rd pension pillar – pension plan (characteristics, pension management companies, transformed funds, types of benefits, types of pensions, current situation in CZ).
9. Contracts of 3rd pension pillar– supplementary pension savings (characteristics, pension management companies, participation funds, types of benefits, types of pensions, current situation in CZ).
10. Nonlife insurance - characteristics, types of nonlife insurance. Role of nonlife insurance in economics.
11. Nonlife insurance – property insurance. Property insurance for physical persons, business risk insurance and industrial insurance, agricultural risks insurance.
12. Nonlife insurance – liability insurance. Mandatory liability insurance, mandatory contractual liability insurance, facultative contractual liability insurance. Motor third party insurance.
13. Nonlife insurance – insurance of persons. Accident insurance, private health insurance.
14. Assessment of insurance market – qualitative and quantitative ratios of assessing insurance market.
Recommended or Required Reading
Required Reading:
DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vyd. Praha: Ekopress, 2015. 306 s. ISBN 978-80-87865-25-5.
DUCHÁČKOVÁ, Eva a Jaroslav DAŇHEL a kol. Pojistné trhy. 1. vyd. Praha: Professional Publishing, 2012. 252 s. ISBN 978-80-7431-078-2.
THOYTS, Rob. Insurance Theory and Practice. 1st ed. Abingdon: Routledge, 2010. 323 s. ISBN 978-0-415-55905-8.
Aktuální platná legislativa

DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vyd. Praha: Ekopress, 2015. 306 s. ISBN 978-80-87865-25-5.
DUCHÁČKOVÁ, Eva a Jaroslav DAŇHEL a kol. Pojistné trhy. 1. vyd. Praha: Professional Publishing, 2012. 252 s. ISBN 978-80-7431-078-2.
THOYTS, Rob. Insurance Theory and Practice. 1st ed. Abingdon: Routledge, 2010. 323 s. ISBN 978-0-415-55905-8.
Aktuální platná legislativa

Recommended Reading:
CIPRA, Tomáš. Pojistná matematika: teorie a praxe. 2. aktualiz. vyd. Praha: Ekopress, 2006. 411 s. ISBN 80-86929-11-6.
ČEJKOVÁ, Viktória. Pojistný trh. 1. vyd. Praha: Grada, 2002. 118 s. ISBN 80-247-0137-5.
ŠULC, Jaroslav. Penzijní připojištění. 2. aktualiz. a rozšíř. vyd. Praha: Grada, 2004. 196 s. ISBN 80-247-0772-1.
KOLEKTIV AUTORŮ Z ČAP Životní pojištění. Praha: Grada, 2002.
KOPECKÝ, K. Povinné ručení: pojištění odpovědnosti z provozu vozidla. Praha: Grada, 2002.

CIPRA, Tomáš. Pojistná matematika: teorie a praxe. 2. aktualiz. vyd. Praha: Ekopress, 2006. 411 s. ISBN 80-86929-11-6.
ČEJKOVÁ, Viktória. Pojistný trh. 1. vyd. Praha: Grada, 2002. 118 s. ISBN 80-247-0137-5.
ŠULC, Jaroslav. Penzijní připojištění. 2. aktualiz. a rozšíř. vyd. Praha: Grada, 2004. 196 s. ISBN 80-247-0772-1.
KOLEKTIV AUTORŮ Z ČAP Životní pojištění. Praha: Grada, 2002.
KOPECKÝ, K. Povinné ručení: pojištění odpovědnosti z provozu vozidla. Praha: Grada, 2002.
Planned learning activities and teaching methods
Lectures
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit25 (25)13
                Obhajoba projektuProject25 13
        ExaminationExamination75 (75)38
                PísemkaWritten test15 8
                Ústní zkouškaOral examination60 30