Tariffs of insurance
The study of the subject "Tariffs of insurance" aims to offer the students of the Faculty of Economics, Module of Financial Management, Banking and Insurance, to master the academic skills related to the principles of calculation and the accounting of net and gross tariffs for different types of insurance: property, persons, pension and health insurance. This subject provides students with necessary knowledge to analyze and monitor the adequacy of tariffs in terms of basic economic principles of insurance.
| Code : | 1ТУО |
|---|---|
| Status: | E |
| Semestar: | 8th |
| Number of classes per week: | 2+2 |
| ЕECTS: | 6 |
| Teachers: | |
| Prerequisites: | Економика осигурања |
| Learning Outcomes (gained knowledge): | Students who successfully master the curriculum for this subject will become economic experts who will be trained to use modern scientific achievements in the field of national and international insurance. Acquired theoretical and practical knowledge will help them to become competitive in the labor market of: insurance companies, broker-dealer companies, public administration, particularly the regulatory agencies that conduct the surveillance of the insurance industry, bearing in mind that such a profile of academics has not yet been educated in the area of our country. In the end, they will acquire modern knowledge that will offer to the market competent and capable leaders able to build successful careers and contribute to the development of their business environment. |
| Subject Contents: | Characteristics of risk and risk management as a basis for tariff setting, Retention and security reserves, Solvency margin and methods for its determination, Actuarial basics of formation and calculation of tariffs in personal assurance with special content related to life insurance, Actuarial basics of tariff formation in property insurance: industry, agriculture, buildings under construction, motor vehicles, Tariff formation in reinsurance, Tariff formation in the pension and health insurance, Expected value of losses and distribution of losses from the insurance basis. |
| Teaching Methods and Learning Activities: | The teaching staff, following the modern scientific trends and achievements in the fields of insurance, transfers the knowledge through lectures, exercises and practical work, using methods and techniques applied in high-ranking university centers of European countries. Special attention is given to presentations with practical experiences of developed countries, in order to offer students the highest quality of modern business education. Since this subject's program structure is based on problem solving and exercises, a special time is devoted to this type of interactive teaching. |
| Literature: | Kocovic, J. (2000). Actuarial Basics of Tariff Formation in Personal Assurance. Belgrade: Faculty of Economics; Kocovic, J. (2010). Tariff Formation in Property Insurance. Belgrade: Faculty of Economics; Šipka, D. (1998). The conditions of Insurance. Banja Luka: Art print |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |