N_TPP Insurance Theory and Policy

University of Finance and Administration
Winter 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. David Fryček (seminar tutor)
Guaranteed by
Ing. David Fryček
Department of Finance – Departments – University of Finance and Administration
Contact Person: Dita Egertová
Timetable of Seminar Groups
N_TPP/cFPH: Mon 19:15–19:59 S26, Mon 20:00–20:45 S26, D. Fryček
N_TPP/pFPH: Mon 17:30–18:14 S26, Mon 18:15–19:00 S26, D. Fryček
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Learning outcomes of the course unit The aim of the subject Theory and Policy of Insurance is to acquire the basic concepts of the segment "Insurance and Insurance", basic theoretical knowledge applicable in the further development of the theory and professional practice of graduates. At the end of the course students should have theoretical background of insurance, methodology and concrete financial techniques of social and private insurance in the world and in the Czech Republic. They will be able to understand the roots of modern insurance and will be able to explain insurance theory as a basis for applications of private and public systems including information asymmetry theory. In this context, he will be able to analyze and assess risks in private insurance, both on the supply and demand side. At the end of the course students should be able to understand and explain the development trends in insurance markets and acquire basic knowledge for further education in the field.
Learning outcomes
The subject Theory and Policy of Insurance is understood comprehensively in the context of basic theoretical principles of insurance to practice and used methods and procedures derived from insurance risk modeling to new theoretical procedures derived from comprehensive risk management of insurance companies in connection with harmonization of the European Union Solvency II into the conditions of the legal framework of the Czech Republic. It acquaints students with the basic processes applied within the relationship of supply and demand with regard to information asymmetry in insurance markets. In relation to the theoretical fundamentals of insurance, specific financial techniques of insurance as a service, including the philosophy of consumer protection, are analyzed and explained.
Syllabus
  • 1. Social and private insurance, theoretical background 2. Methodological basis for definitive classification of insurance and insurance categories 3. Insurance theories and their development 4. Insurance as a product and as a service 5. Theoretical basis of life, non-life and liability insurance 6. Asymmetry of information in private insurance, game theory 7. Risk management of the insurer and the policyholder 8. Insurers´ insurance risks solving by classical and alternative methods 9. Addressing insurer risks in the context of Solvency II 10. Trends in insurance markets 11. State-supported insurance, background and meaning 12. Factors influencing the development of insurance markets - trends
Literature
    required literature
  • VOSTATEK, Jaroslav. Penzijní teorie a politika. 1. Vydání. Praha: C.H. Beck, 2016. Beckova edice ekonomie. ISBN 978-80-7400-571-8.
  • KARFÍKOVÁ, Marie, Vladimír PŘIKRYL a Roman VYBÍRAL. Pojišťovací právo. Praha: Leges, 2018. Student. ISBN 978-80-7502-271-4.
  • MESRŠMÍD, Jaroslav.: Pojišťovnictví v globálním prostředí. 1. vydání. Praha: Professional Publishing, 2015 ISBN 978-80-7431-150-5
  • HRADEC, Milan and Žaneta BOUČKOVÁ. Aktuální legislativní změny v oboru pojištění a pojišťovnictví. 1st ed. Praha: VŠFS, EDUCOpress, 2020, 86 pp. ISBN 978-80-7408-176-7. info
  • DUCHÁČKOVÁ, Eva and Jaroslav DAŇHEL. Pojistné trhy Změny v postavení pojišťovnictví v globální eře. Professional publishing, 2012, 252 pp. ISBN 978-80-7431-078-2. info
    recommended literature
  • DAŇHEL, Jaroslav. a kol.: Pojistná teorie. Praha: Professional Publishing, 2005. ISBN 80-86419-84-3
  • MESRŠMÍD, Jaroslav. Regulace pojišťovnictví v EU. 1. vyd. Praha: Professional Publishing, 2015. 173 s. ISBN 978-80-7431-146-8
  • DUCHÁČKOVÁ, Eva., DAŇHEL, Jaroslav.: Teorie pojistných trhů. Praha: Professional Publishing, 2010 ISBN 978-80-7431-015
Teaching methods
Teaching takes the form of lectures using power-point presentation. Minimum compulsory participation in controlled group consultations in the combined form of study is 50%. Students who do not meet the mandatory extent of participation can be assigned additional study duties (to the extent that will enable them to demonstrate the learning outcomes and competences necessary for successful completion of the course).
Assessment methods
In the course students have to elaborate a compulsory seminar work and submit it to the teacher before the exam period. The course is completed by a written final test, or an oral exam.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
The course is also listed under the following terms Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023.
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