AKT713 - REINSURANCE
Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
---|---|---|---|---|---|---|
REINSURANCE | AKT713 | 3rd Semester | 3 | 0 | 3 | 10 |
Prequisites | - | |||||
Course language | Turkish | |||||
Course type | Elective | |||||
Mode of Delivery | Face-to-Face | |||||
Learning and teaching strategies | Lecture Discussion Drill and Practice | |||||
Instructor (s) | Department Instructors | |||||
Course objective | The aim of the course is to provide an overview over reinsurance treaties in terms of underwriting, pricing, financial analysis etc.. | |||||
Learning outcomes |
| |||||
Course Content | Reinsurance structures, financial reinsurance, reinsurance markets, reinsurance underwriting, reinsurance pricing, reinsurance accounting, reinsurance claims, financial evaluation, contract wording illustrations | |||||
References | 1. Tiller J.E., Tiller D.F. (1995) Life, Health & Annuity Reinsurance, 2nd Ed., ACTEX Publications, US. 2. Phifer, R. (1996) Reinsurance Fundamentals Treaty and Facultative, John Wiley & Sons Inc., US. 3. www.tsrb.org.tr 4. Lecture notes |
Course outline weekly
Weeks | Topics |
---|---|
Week 1 | Introduction |
Week 2 | Reinsurance structures |
Week 3 | Continue reinsurance structures |
Week 4 | Financial reinsurance |
Week 5 | Reinsurance markets |
Week 6 | Departments of insurance companies, reinsurance pools |
Week 7 | Midterm Exam |
Week 8 | Reinsurance underwriting |
Week 9 | Reinsurance underwriting considerations |
Week 10 | Reinsurance pricing |
Week 11 | Reinsurance accounting |
Week 12 | Reinsurance claims |
Week 13 | Financial evaluation |
Week 14 | Contract wording illustrations |
Week 15 | Preparation for Final Exam |
Week 16 | Final exam |
Assesment methods
Course activities | Number | Percentage |
---|---|---|
Attendance | 0 | 0 |
Laboratory | 0 | 0 |
Application | 0 | 0 |
Field activities | 0 | 0 |
Specific practical training | 0 | 0 |
Assignments | 7 | 15 |
Presentation | 0 | 0 |
Project | 0 | 0 |
Seminar | 0 | 0 |
Midterms | 1 | 35 |
Final exam | 1 | 50 |
Total | 100 | |
Percentage of semester activities contributing grade succes | 8 | 50 |
Percentage of final exam contributing grade succes | 1 | 50 |
Total | 100 |
WORKLOAD AND ECTS CALCULATION
Activities | Number | Duration (hour) | Total Work Load |
---|---|---|---|
Course Duration (x14) | 14 | 3 | 42 |
Laboratory | 0 | 0 | 0 |
Application | 0 | 0 | 0 |
Specific practical training | 0 | 0 | 0 |
Field activities | 0 | 0 | 0 |
Study Hours Out of Class (Preliminary work, reinforcement, ect) | 14 | 9 | 126 |
Presentation / Seminar Preparation | 0 | 0 | 0 |
Project | 0 | 0 | 0 |
Homework assignment | 7 | 8 | 56 |
Midterms (Study duration) | 1 | 36 | 36 |
Final Exam (Study duration) | 1 | 40 | 40 |
Total Workload | 37 | 96 | 300 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
D.9. Key Learning Outcomes | Contrubition level* | ||||
---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | |
1. Develop new strategies and techniques in modelling actuarial problems and produce solutions specific to a problem. | X | ||||
2. Conduct detailed research in a specific subject in actuarial science area. | X | ||||
3. Have the required level of competency in actuarial sciences to be able to make contribution to the actuarial literature. | X | ||||
4. Able to use the knowledge in actuarial sciences in multidisciplinary studies. | X | ||||
5. Arrange events and projects in actuarial sciences . Able to conduct the stages of designing, executing and reporting results of a project. | X | ||||
6. Have scientific scepticism. | X | ||||
7. Able to produce scientific publications in the area of actuarial science. | X | ||||
8. Able to think analytically. | X | ||||
9. Follow national and international innovations and improvements in the area. | X | ||||
10. Follow actuarial literature | X | ||||
11. Improve foreign language skills in order to do work and presentation in that language. | X | ||||
12. Use information technology in an advanced level. | X | ||||
13. Able to work individually and have the ability to decide independently. | X | ||||
14. Have the qualifications necessary for a team work and able to be the team leader. | X | ||||
15. Have the consciousness of professional and social responsibility. | X |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest