Insurance Market

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: winter
  • Year: 2
  • Faculty of Economics and Finance

Teachers

Included in study programs

Management of Public Policies

Law and Economics

Teaching results

After successful completion of this course, students will be able to:
Knowledge:
- understand the basic principles of the insurance market theory and practice in the context of the global economy
- understand the roles of subjects operating in the insurance market
Competences:
- develop a critical understanding of the role of the "insurance market" discipline
- to form opinions based on empirical data
- work in a team
- apply theoretical knowledge in practical analyzes
Skills:
- analyze, interpret and compare the development of insurance markets in local and global contexts
- find relevant and reliable economic and statistical data on the development of the insurance market

Indicative content

The course focuses on the theoretical aspects of the insurance market, including the analysis of demand and supply in the insurance market, asymmetry of information, cyclical development of the insurance market, determinants of development and indicators of the insurance market, as well as analysis of he selected insurance markets development. The analyzed markets include insurance markets of developed and less developed countries (e.g. United States, China, European Union countries, Great Britain) in order to point out the possibilities of different functioning of insurance markets in these countries and to bring closer look on links of social, public and commercial insurance at this markets. The course also focuses on the specific nature of the insurance sector in Muslim countries.

Syllabus

1. Introduction to the insurance market theory 2. Demand and supply for insurance 3. Regulation of the insurance market 4. Asymmetry of information in the insurance market 5. Cycles in the insurance market 6. Determinants and indicators of insurance market development 7. EU single insurance market: historical development, regulation and specifics of insurance market 8. Insurance market of the Slovak Republic: historical development, specifics of insurance market 9. UK Insurance Market and Lloyd’s: historical development, specifics of insurance market 10. US insurance market: historical development, specifics of insurance market 11. China's insurance market: historical development, specifics of insurance market 12. Specifics of the insurance market in Muslim countries - Takaful insurance 13. Modern trends in the insurance market development

Requirements to complete the course

20 % presentation of a research study and a discussion,
20 % group assignments and teamwork,
60 % written exam

Date of approval: 13.03.2024

Date of the latest change: 06.04.2021