FACULTY OF BUSINESS

Department of International Trade and Finance

ITF 416 | Course Introduction and Application Information

Course Name
Insurance Management
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ITF 416
Fall/Spring
3
0
3
5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives To comprehend the significance of risk and insurance management. Evaluate the risk types in insurance industry. Explain the need for capital and its influence on the organisation.Explain the management structures of insurance organisations. Evaluate the role and impact of insurance regulation. Teach the role of risk and investment management in insurance organisations.
Learning Outcomes The students who succeeded in this course;
  • will be able to explain the management structures of insurance organisations.
  • will be able to express the role and impact of insurance regulation
  • will be able to do case studies about the role of risk and investment management in insurance organisations.
  • will be able to define the risk types in insurance industry.
  • will be able to analyze the need for capital and its influence on the organisation.
  • will be able to discuss the significance of risk and insurance management.
Course Description This course aims to introduce students to the rationale, principles, process and major tools of insurance and risk management. Covered topics include the basic organizational and legal characteristics of insurance industry, concept of risk, risk measurement, how risk management can be applied via insurance industry.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
X
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Basic Principles in Risk and Insurance Management Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
2 Basic Principles in Risk and Insurance Management Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
3 Legal Principles in Risk and Insurance Management Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
4 Legal Principles in Risk and Insurance Management Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
5 Risk Concepts in Insurance Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
6 Risk Concepts in Insurance Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
7 Midterm
8 Financial Evaluation of Insurance Companies Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
9 Financial Evaluation of Insurance Companies Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
10 Process and Risk and Investment Instruments in Insurance Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
11 Process and Risk and Investment Instruments in Insurance Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley
12 Term Project Presentations
13 Term Project Presentations
14 Semester Review
15 Semester Review
16 Final Exam

 

Course Notes/Textbooks

Rejda, George E., Principles of risk management and insurance, 10th ed., Addison-Wesley, ISBN: 978-0-321-46857-4

Book indicated above, presentation notes, current news

Suggested Readings/Materials Domestic and international news, journals covering insurance topics

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
4
10
Presentation / Jury
1
10
Project
1
20
Seminar / Workshop
Oral Exams
Midterm
1
20
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
8
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
2
32
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
4
4
16
Presentation / Jury
1
10
10
Project
1
6
6
Seminar / Workshop
0
Oral Exam
0
Midterms
1
12
12
Final Exam
1
16
16
    Total
140

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.

X
2 To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance.
3 To be able to analyze the developments in global markets by using critical thinking skills.
4 To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively.
5 To be able to acquire knowledge about the legal regulations and practices in the field. X
6 To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. X
7 To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program.
8 To be able to obtain, synthesize and report the information related to the fields of trade and finance.
9 To be able to contribute to the solution of problems as individual, team member or leader.
10

To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity.

X
11 To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).
12 To be able to speak a second foreign at a medium level of fluency efficiently.
13 To be able to relate the knowledge accumulated throughout human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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