COURSE UNIT TITLE

: RISK MANAGEMENT AND INSURANCE

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIN 4240 RISK MANAGEMENT AND INSURANCE ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSISTANT PROFESSOR HABIL GÖKMEN

Offered to

BUSINESS ADMINISTRATION
International Business and Trade
International Trade and Business (English)

Course Objective

The aim of this course is to introduce the tools and techniques of risk management and insurance. The course intends to assist the student in identifying, analyzing and managing all types of insurable risk.

Learning Outcomes of the Course Unit

1   Differentiate different types of risk that organizations and individuals encounter in order to demonstrate an understanding of risk related concepts.
2   Explain the risk management process, identifying its meaning and steps
3   Illustrate the fundamental legal principles of insurance and insurance contracts, pointing out the basic characteristics of insurance and the requirements of an insurable risk.
4   Recognize the insurance market dynamics in order to interpret the major trends affecting the insurance industry.
5   Outline the insurance company operations in order to understand the types and functions of insurers
6   Describe the financial operations of insurers in order to understand the financial performance of insurance companies.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

IBS 3331 - INTERNATIONAL FINANCIAL MARKETS

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Risk in our Society
2 Basic Concepts in Risk Management
3 Insurance and Risk
4 Overview of Insurance Industry
5 Legal Principles of Risk and Insurance
6 Analysis of Insurance Contracts
7 Insurance Company Operations
8 Financial Operations of Insurers
9 Commercial Property Insurance
10 Commercial Liability Insurance
11 Life Insurance
12 Case Studies

Recomended or Required Reading

Rejda G., (2008) Principles of Risk Management and Insurance, 10th edition, Prentice Hall

Planned Learning Activities and Teaching Methods

1-Lectures
2-Presentations

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 TP TermProject
3 FN Final
4 FCG FINAL COURSE GRADE MT * 0.40 +TP * 0.20 + FN * 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + TP * 0.20 + RST * 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1- The learner will define the different types of risks that organizations and individuals are faced with
2- The learner will describe the risk management process, identifying its meaning and steps
3- The learner will explain the fundamental legal principles of insurance and insurance contracts
4- The learner will recognize the insurance market dynamics
5- The learner will explain the insurance company operations
6- The learner will describe financial operations of insurers
7- The learner will explain the significance of capital adequacy
8- The learner will identify life insurance and private pension system

Language of Instruction

English

Course Policies and Rules

1- Attending at least 70 percent of the lectures is mandatory
2- Violations of plagiarism of any kind will result in a disciplinary action

Contact Details for the Lecturer(s)

habil.gokmen@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Tutorials 0 0 0
Preparation before/after weekly lectures 5 4 20
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Preparation for quiz etc. 0 0 0
Preparing individual assignments (term project etc.) 2 4 8
Preparing group assignments (term project etc.) 1 20 20
Preparing presentations 1 2 2
Quiz etc. 0
Final 1 1,5 2
Midterm 1 1,5 2
TOTAL WORKLOAD (hours) 125

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.13555
LO.25
LO.35
LO.455
LO.555
LO.655

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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