ESF:MKF_ZAJI Reinsurance - Course Information

MKF_ZAJI Reinsurance

Extent and Intensity

0/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Svatopluk Nečas, Ph.D. (lecturer)

Guaranteed by

Ing. Svatopluk Nečas, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková

Timetable

Sun 18. 10. 12:50–16:15 P403, 16:20–19:30 P403, Sun 20. 12. 12:50–16:15 P403

Prerequisites (in Czech)

KFPOJI Insurance Industry || BKF_POJ1 Insurance Industry

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Finance (programme ESF, N-FU)

Course objectives

Main objectives can be summarized as follows:
- to enlarge students' knowledges about reinsurance as a fundamental element od insurance system;
- to delineate relationships between the insurance and reinsurance, furthermore reainsurance relationships and legal basis of reinsurance;
- to understand the function of reinsurance and problems of retention of an insurance company;
- to understand classification of reinsurance by various criterias;
- to characterize proportional and nonproportional reinsurance and their individual components, including the determination of reinsurance premium;
- to understand the structure and the formation of reinsurance program, as well as alternative risks transfers;
- to understand co-insurance as a method of horizontal division of risks, including its principles.

Syllabus

• 1. Connection between insurance and reinsurance. The history of reinsurance.
• 2. Reinsurance as a method of vertical division of risk. The functions and tasks of reinsurance. Analysis of insurance stocks of insurance entering the reinsurance. Retention and ways of its determination.
• 3. Legal relations in reinsurance. Facultative reinsurance. obligatory reinsurance.
• 4. Usages in negotiating of reinsurance and the basic content of the reinsurance contracts.
• 5. Types and forms of reinsurance.
• 6. Proportional reinsurance. Quota share and surplus reinsurance. Other types of proportional reinsurance. Principles of determining reinsurance premium for proportional reinsurance.
• 7. Nonproportional reinsurance. Excess of loss and its types. Stop Loss.
• 8. Other types of nonproportional reinsurance. Principles of determining reinsurance premium for nonproportional reinsurance.
• 9. Reinsurance program for the commercial insurance companies, its creation and importance for economy I.
• 10. Reinsurance program for the commercial insurance companies, its creation and importance for economy II.
• 11. Alternative risk transfers. Finite reinsurance and its basic principles.
• 12. Basic principles and types of retrospective types of contracts. Basic principles and types of prospective contracts.
• 13. Reinsurance market in international context. The function of the reinsurance broker and his position within reinsurance. Co-insurance as a method of horizontal division of risk. Principles of co-insurance. The role of the leading insurer. Pools of reinsurance and co-insurance.
• Tutorials are organised in three four-hour blocks, according to topics in this way:
• 1. Topics No. 1 - 4
• 2. Topics No. 5 - 9
• 2. Topics No. 10 - 13

Literature

• NEČAS, S. Základy zajištění (DSO). 1. vyd. Brno: MU, 2007
• CIPRA, Tomáš. Zajištění a přenos rizik v pojišťovnictví. 1. vyd. Praha: Grada, 2004, 260 s. ISBN 8024708388. info
• [2] BELLEROSE, R. P. Reinsurance for the Beginner (3rd Edition). London : Witherby & Co., 1987
• BUCHOVÁ, J. Zaistenie. 1. vyd. Hronský Beňadik: NETRI, 2004. 152 s. ISBN 80-968904-7-6

Teaching methods

tutorials (discussion to course topics)

Assessment methods

Type of teaching: tutorials Requirements for approaching the exam:
1. Processing and submission of work corrected by tutor (WCT) with classification as passed. In the case of classification failed a student will not be admitted to the exam.
2. Successful completion (passing) of the control test. Condition (point assessment) for the successful completion (passing) of this test is not strictly defined, because the test is part of the final exam. The condition is thus set for an overall assessment of the tests, not for its components. This control test consists at most of 10 subquestions and can be assessed up to 10 points. If a student can not physically complete the test (the apology will judge the teacher), he/she writes this test in the first two weeks of the examination period.
The final exam and final classification
The exam has a written form. Its components are the control test and the exam test. Condition of the minimum number of points for successful completion of an exam test is not strictly defined.
The final mark is made up of: the result of control test written on tutorial (maximum 10 points) and the result of exam test (maximum 10 points).
Rating scale:
A: 92 - 100% (18,4 - 20, respectively 21 points),
B: 84 - 91% (16.8 - 18.3 points),
C: 75 - 84% (15.2 - 16.7 points),
D: 70 - 74% (13.6 - 15.1 points),
E: 60 - 69% (12 - 13.5 points),
F: less than 60% (less than 12 points).
Student who will have after writing the control test and the exam test less than 12 points, will repeat less marked test. The examination date for resit control test will be listed through IS MU and will take place during the examination period. Students log on the resit test. For the exam test the same rules are applied. A resit test (exam test, respectively control test) can be written by a student only twice if the student is allowed to qualify for the 2nd resit term (based on his previous study results). If not, he/she can repeat the test only once. Repetition of the test are added together and it does not apply that a student may twice (or once - see previous sentence) repeat each test.
Warning: Any frauds or attempted frauds during the exam (such as the use of „cheat sheets“ or other illicit materials, copying, allowing copying, obtaining the tests, 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

Further comments (probably available only in Czech)

The course is taught annually.
General note: nezapisují si studenti, kteří absolvovali předmět KFZAJI.

• Enrolment Statistics (Autumn 2009, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2009/MKF_ZAJI