GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

RISK MANAGEMENT IN INSURANCE OPERATIONS/1920010

Course Title:	RISK MANAGEMENT IN INSURANCE OPERATIONS
Credits	3	ECTS	7.5
Semester	1	Compulsory/Elective	Elective

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

Assoc.Prof. Emine ONER KAYA

-- WEB SITE(S) OF LECTURER(S)

http://www.websitem.gazi.edu.tr/site/emineoner

-- EMAIL(S) OF LECTURER(S)

emineoner@gazi.edu.tr

-- LEARNING OUTCOMES OF THE COURSE UNIT

To explain the concept of risk in the insurance industry
To explain the concept of risk management in the insurance industry
To understand the stages and functioning of the risk management process in the insurance industry
To understand the traditional risk management techniques in the insurance industry
To understand the alternative risk management instruments in the insurance industry
To understand the capital adequacy in the insurance industry
To have information about capital adequacy legislation in insurance industry
To be able to apply capital adequacy calculations in insurance companies
To be able to apply risk management techniques in insurance companies

-- MODE OF DELIVERY

The mode of delivery of this course is Face to face

-- PREREQUISITES AND CO-REQUISITES

There is no prerequisite or co-requisite for this course.

-- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS

There is no recommended optional programme component for this course.

--COURSE CONTENT
1. Week	Risk
2. Week	Risk and Uncertainty in Insurance
3. Week	Classification of Risks in Insurance Industry
4. Week	Risk Management and Risk Management Techniques in Insurance Industry
5. Week	Risk Pricing
6. Week	Traditional Risk Management Techniques
7. Week	Midterm Exam
8. Week	Reinsurance Agreements and Reinsurance Policy
9. Week	Alternative Risk Transfer Instruments
10. Week	Insurance Derivatives
11. Week	Insurance Linked Securities
12. Week	Capital Adequacy and Capital Adequacy Regulations in Insurance
13. Week	Capital Adequacy and Risk Management Relationship
14. Week	General Evaluation
15. Week
16. Week

-- RECOMMENDED OR REQUIRED READING

• BANKS, Eric; Alternative Risk Transfer, John Wiley & Sons, Ltd., London, 2004. • CULP, Christopher L.; The ART of Risk Management: Alternative Risk Transfer, Capital Structure and Convergence of Insurance and Capital Markets, John Wiley & Sons, Inc., 2002. • DOFF, René; Risk Management for Insurers: Risk Control, Economic Capital and Solvency II, Risk Books, 2007. • DORFMAN, Mark S.; Introduction to Risk Management and Insurance, Eighth Edition, Pearson Prentice Hall, 2005. • Ayşe Gül Bölükbaşı & Baturalp Pamukçu, Sigortacılıkta Risk Yönetimi, Türkmen Kitapevi, İstanbul, 2008. • Mahir Çipil, Risk Yönetimi ve Sigorta, Nobel Yayın Dağıtım, 2008. • Prof. Dr. Niyazi Berk, Sigortacılıkta Risk Yönetimi, Emek Sigorta, İstanbul.

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer

-- WORK PLACEMENT(S)

-- ASSESSMENT METHODS AND CRITERIA

	Quantity	Percentage
Mid-terms	1	20
Assignment	1	10
Exercises	1	10
Projects	0	0
Practice	0	0
Quiz	0	0
Contribution of In-term Studies to Overall Grade		40
Contribution of Final Examination to Overall Grade		60

-- WORKLOAD

Efficiency	Total Week Count	Weekly Duration (in hour)	Total Workload in Semester
Theoretical Study Hours of Course Per Week	14	3	42
Practising Hours of Course Per Week			0
Reading			0
Searching in Internet and Library	14	3	42
Designing and Applying Materials			0
Preparing Reports	10	6	60
Preparing Presentation	3	5	15
Presentation	1	3	3
Mid-Term and Studying for Mid-Term	3	4	12
Final and Studying for Final	3	5	15
Other			0
TOTAL WORKLOAD:			189
TOTAL WORKLOAD / 25:			7.56
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

NO	PROGRAM LEARNING OUTCOMES	1	2	3	4	5
1	Acquisition of essential knowledge in insurance sector at a high level				X
2	Ability to apply theoritical knowledge in insurance in modern daily life				X
3	Ability to follow national and international advances in insurance and financial sectors				X
4	Ability to realize the interaction between insurance and other disciplines along with an ability to utilize those disciplines			X
5	Ability to foresee risks in insurance sector, measuring them and lowering their effects					X
6	Ability to point out problems in Turkish social security system and to analyze the current situtation	X
7	To have knowledge on insurance legistlation and to gain the ability to interpret it			X
8	To point out possible solutions to improve insurance sector			X
9	To find and develop financial instruments which would answer social needs			X
10	Ability to provide original and supportive ideas about insurance			X
11	To be responsible both in ethics and in a professional way		X
12	Ability to transfer the knowledge in sectors related to insurance using every possible communcational medium			X
13	Ability to research independently in insurance topics			X
14	Ability to work as a team when required in insurance sector		X

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GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR