MKF_ZAJI Reinsurance

Faculty of Economics and Administration
Autumn 2022
Extent and Intensity
26/0/0. 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
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Fri 14. 10. 16:00–19:50 P102, Sat 22. 10. 12:00–15:50 P102, 16:00–19:50 P102, Fri 25. 11. 16:00–19:50 P102
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
Course objectives
Main objectives of the course can be summarized as follows: to enlarge students' knowledges about reinsurance as a fundamental element od insurance system and comprehend its functions and classification and also its teoretical and legal basics and practical issues.
Learning outcomes
At the end of this course the student will be able:
- 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.
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.
  • 3. Other reinsurance coherences – reinsurance commission; retention and ways of its determination.
  • 4. Legal basics of reinsurance with accent on public law.
  • 5. Classifiction of reinsurance. Facultative reinsurance. Obligatory reinsurance.
  • 6. Proportional reinsurance. Quota share and surplus reinsurance. Other types of proportional reinsurance. Principles of determining reinsurance premium for proportional reinsurance. Types of surety in 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. Types of surety in nonproportional reinsurance.
  • 9. Contractual Relations in reinsurance. Usages in negotiating of reinsurance and the basic content of the reinsurance contracts.
  • 10. Reinsurance program for the commercial insurance companies, its creation and importance for economy. Analysis of insurance stocks of insurance entering the reinsurance.
  • 11. Alternative risk transfers. Finite reinsurance and its basic principles. Basic principles and types of retrospective types of contracts. Basic principles and types of prospective contracts.
  • 12. Other ART instruments
  • Tutorials are organised in three four-hour blocks, according to topics in this way:
Literature
    required literature
  • CIPRA, Tomáš. Zajištění a přenos rizik v pojišťovnictví. 1. vyd. Praha: Grada, 2004, 260 s. ISBN 8024708388. info
  • SWISS RE. The essential guide to reinsurance. Swiss Re, 2013. Dostupné z: www.swissre.com
  • Zákon o pojišťovnictví
  • Zákon o distribuci pojištění a zajištění
  • https://www.econ.muni.cz/akap
    recommended literature
  • BUCHOVÁ, J. Zaistenie. 1. vyd. Hronský Beňadik: NETRI, 2004. 152 s. ISBN 80-968904-7-6
  • DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 1. vydání. Praha: Ekopress, 2015, 305 stran. ISBN 9788087865255. info
  • NEČAS, Svatopluk. Základy zajištění. Vyd. 1. Brno: Masarykova univerzita, 2007, 100 s. ISBN 9788021042667. info
  • CARTER, R. L. Reinsurance. Second edition. Dordrecht: Springer Science+Business Media, B.V., 1983, xv, 630. ISBN 9789401574129. info
Teaching methods
tutorials (discussion to course topics)
Assessment methods
Type of teaching: tutorials Requirements for approaching the exam:
- 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.
The final exam and final classification
The exam has an oral form. The evaluation will be performed by a qualitative assessment of the student's knowledge by the examiner using the standard A-F scale. Any bonus for the work corrected by tutor will be included on a qualitative basis in the overall evaluation of the exam. Further details of the exam will be sent by e-mail during the semester.
Warning: Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 16 hodin.
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021.
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