KFPOJI Insurance Industry

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Svatopluk Nečas, Ph.D. (lecturer)
Guaranteed by
prof. Ing. Viktória Čejková, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Sun 22. 2. 12:50–16:15 P101, Sun 5. 4. 12:50–16:15 P101, Sun 3. 5. 12:50–16:15 P101
Prerequisites
The course freely builds on the knowledge gained in the courses related to Financial Management and Finance. No special prerequisites required.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course provides students of Financial Management and Finance with the first opportunity to enter the field of insurance science.
Main objectives can be summarized as follows:
- to understand the basics of insurance and reinsurance;
- to explain the relationship between insurance and risk, insurance terminology, system of insurance, insurance relationships, reinsurance and its forms, and other concepts of the theory of insurance;
- to become familiar with the relationship between law and insurance, right and obligation to insure oneself;
- to become acquainted with the classification of insurance, with classes and selected insurance products for physical persons;
- to understand basic legal regulations of the insurance industry in the Czech Republic, i.e. Insurance Act, Insurance Contract Act, Act on Insurance Intermediaries and Independent Liquidators of Insurance Events, etc.;
- to delineate the structure of insurance and commercial insurance companies especially in the Czech Republic;
- to characterize the processes taking place in subjects of insurance market.
Syllabus
  • Thematic plan – lectures:
  • 1. Insurance, beginning of insurance and system of insurance, the past and the present.
  • 2. Insurance and risk, insurance relationship.
  • 3. Classification of insurance.
  • 4. Life insurance and its products.
  • 5. Non-life insurance and its products.
  • 6. Reinsurance, function and importance.
  • 7. Legal regulations governing insurance.
  • 8. Commercial insurance company.
  • 9. Presentation of activities and insurance products of commercial insurance company.
  • 10. System of insurance, its structure and subjects.
  • 11. International institutions in the system of insurance.
  • 12. Insurance market and its segmentation.
  • 13. Insurance terminology.
  • Tutorials are organised in three four-hour blocs, according to topics in this way:
  • 1. Topics No. 1 - 4
  • 2. Topics No. 5 - 9
  • 3. Topics No. 10 - 13
Literature
  • ČEJKOVÁ, Viktória and Dana MARTINOVIČOVÁ. Pojišťovnictví. 1. vyd. Brno: Masarykova univerzita, 2004, 158 s. ISBN 8021035250. info
  • ČEJKOVÁ, Viktória and Svatopluk NEČAS. Pojišťovnictví. 2., přepracované. Brno: Masarykova univerzita, 2006, 131 pp. ISBN 80-210-3990-6. info
  • BLAND, D. Pojištění: principy a praxe. The Chartered Insurance Institute. Londýn, 1993 (překlad ČAP, 1997)
  • Zákon o pojistné smlouvě : komentář. Edited by Ludvík Bohman - Libuše Dryjová - Magdalena Wawerková. Praha: Linde, 2004, 381 s. ISBN 8072015044. info
  • DUCHÁČKOVÁ, Eva. Principy pojištění a pojišťovnictví. Vyd. 1. Praha: Ekopress, 2003, 178 s. ISBN 808611967X. info
  • Manažment bankových aktív a pasív. Edited by J. S. G. Wilson, Translated by Marian Smolík. 1. vyd. Bratislava: Elita, 1995, 370 s. ISBN 80-85323-69-9. info
  • PŮLPÁN, Karel. Slovník bankovnictví, pojišťovnictví a kapitálových trhů. [Praha]: Public History, 1998, 328 s. ISBN 80-902193-2-2. info
  • VOSTATEK, Jaroslav. Sociální a soukromé pojištění. Vyd. 1. Praha: CODEX Bohemia, 1996, 601 s. ISBN 80-85963-21-3. info
  • BUŠTA, P., PŘIKRYL, V. Pojištění odpovědnosti z provozu vozidla v otázkách a odpovědích. Praha: Mobil Data, 2001
Assessment methods
Form of instruction: tutorials
Requirements to be admitted to the exam:
1. processing and submission of a tutorial paper marked with passed by a tutor. Should students obtain an F (failed) for their seminar work, they will not be able to take the final exam. The mark PASSED may make up up to 5% (1 point) of the final mark (will be judged individually by a tutor);
2. passing of the check test in tutorial No. 3. Marking scale for this test is not strictly defined, the test forms a part of the final exam. (The final exam has a defined marking scale). This check test includes 10 questions and can be awarded with up to 10 points. If a student cannot attend the respective tutorial( apology will be judged by a teacher), he/she will take this test in the first two weeks of the exam period.

The final exam and final marking scale:
The exam is written. It includes the check test and the exam test. Pass mark for the exam is not strictly defined.

The final mark is made up of: tutorial test result (10 points maximum) and exam test result (10 points maximum), possibly assessment of the tutorial paper (a bonus of up to 1 point).

Marking scale:
A: 90 - 100% (18 - 20, 21 points),
B: 85 - 89% (17 - 17.9 points),
C: 75 - 84% (15 - 16.9 points),
D: 70 - 74% (14 - 14.9 points),
E: 60 - 69% (12 - 13.9 points),
F: less than 60% (less than 12 points).

Student who will obtain less than 12 points after taking the check tutorial test and the exam test will retake the test with a lower score. The exam date of a retake will be announced through IS MU and will take place during the examperiod. Students register for the resit test through the IS. For the exam test the same rules are applied. A resit test may be taken by a student only twice if the student is allowed to qualify for the 2nd resit term (based on his/her previous study results). If not, he/she can retake the test only once. Retakes are added up and it does not apply that a student may retake each test twice (or once - see previous sentence).
Warning: Any frauds or attempted frauds during the exam (such as the use of „cheat sheets“ or other illicit materials, copying, allowing copying, leaking test instructions, etc.) or activities endangering the objectivity of the exam will be classified as a nonobservance of requests for course completion and will be assessed by the teacher in IS MU as "F".
Language of instruction
Czech
Follow-Up Courses
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2001, Autumn 2002, Autumn 2003, Spring 2004, Autumn 2004, Spring 2005, Autumn 2005, Spring 2006, Autumn 2006, Spring 2007, Autumn 2007, Spring 2008, Autumn 2008.
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