Reinsurance in practice

Teaching results

Knowledge: After completing the subject, students understand the essence of the functioning of the reinsurance industry and how reinsurance companies are organized and managed as global corporations. They are able to recognize and differentiate the specifics of the familiar retail reinsurance model from the concept and principles of reinsurance. Thanks to the subject, students gain knowledge about individual activities departments of the reinsurance company, their importance and mutual connections. They get an overview of internal processes, e.g. in the field of financial management and administration of insurance premiums, asset management, and will clarify the importance of internal and external financial reporting. Emphasis is also placed on quantitative methods of risk management in reinsurance.
Competences: Based on the acquired knowledge, students are able to work independently
risk analysis and propose solutions to mitigate or eliminate risks. They understand mutual interaction with individual industries - in an internal sense (between teams, departments, organizational components, etc.), but also in an external sense (conditionality of market development, competition, legislation, regulation, etc.) They learn to apply the principles of critical and strategic thinking in daily practice and acquire the basics of commercial reasoning.
Skills: After successfully completing the course, students are able to apply all acquired theoretical knowledge in practice, understand the needs of reinsurance companies and their clients, can define the basic characteristics of reinsurance products and independently come up with innovative solutions to contemporary problems.
During teaching, emphasis will be placed on cooperation with practice.