Insurance
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 3
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
After successful completion of this course, students will have knowledge of:
- basic principles of insurance and insurance relations as well as the operation of insurance companies
- to know the history of the insurance in the world and in Slovakia
Practical skills and competencies consist in the ability to:
- evaluate the role of insurance in the national economy
- identify suitable insurance reflecting client's needs (individuals as well as legal person)
- evaluate the factors determining the premiums and apply the basic actuarial calculations in life and non-life insurance
- apply the acquired knowledge in practice and real life
Indicative content
The course is aimed at gaining the necessary knowledge about insurance systems in the national economy. The subject defines the concept of insurance, insurance principles and the insurance market entities, including their relationships. From a theoretical point of view, it analyzes the character and specifics of insurance types with subsequent practical application. Within the course, students will also gain knowledge about business of the insurance company as a commercial financial institution. Attention is also devoted to the current topics and future trends of the insurance industry reflecting smart solutions and technological progress.
Support literature
PASTORÁKOVÁ, Erika - ONDRUŠKA, Tomáš - JURKOVIČOVÁ, Monika. Dejiny poisťovníctva. 1. vydanie. Praha: Wolters Kluwer ČR, 2020. ISBN 978-80-7598-998-7.
PASTORÁKOVÁ, E. - BROKEŠOVÁ, Z. - ONDRUŠKA, T. Poistný trh. 1. vyd. Bratislava: Vydavateľstvo EKONÓM, 2017. 193 s. ISBN 978-80-225-4431-3.
DUCHÁČKOVÁ, E. Pojištění a pojišťovnictví. Ekopress, 2015. ISBN 9788087865255.
ONDRUŠKA, T. et al. Poistný vzťah v kontexte spoločensko-ekonomických zmien. 1. vyd. Bratislava : Vydavateľstvo EKONÓM, 2016. 165 s. ISBN 978-80-225-4287-6.
CUMMINS, J. D. – VENARD, B. (Ed.). Handbook Of International Insurance: Between Global Dynamics And Local Contingencies.. New York : Springer, 2007. 981 s. ISBN 978-0-387-34162-0.
Syllabus
1. Introduction to insurance 2. Historical development of insurance in the world and in Slovakia 3. Systems of insurance relations in the national economy 4. Insurance and its function. Principles of insurance relations 5. Insurance market: character, functioning and subjects of the insurance market and their interaction 6. Life insurance: theoretical definition and practical applications 7. Insurance intermediation: the importance of intermediation, legislation 8. Non-life insurance: theoretical definition and practical applications 9. Technical provisions in insurance companies 10. Insurance contract. Definition of insurance business 11. Solvency of the insurance company. Legislative regulation of solvency. Solvency II. 12. Reinsurance: definition, theoretical background and practical applications 13. Modern trends and challenges in insurance industry
Requirements to complete the course
20% seminar assignments and case studies, 20% mid-term test, 60% written exam
Date of approval: 10.02.2023
Date of the latest change: 06.04.2021