- Course Code
- SİGO451
- Semester
- Seventh Term (Fall)
- Theory+Practice
- 3 + 0
- ECTS
- 5
| Course Type | Compulsory Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 4 |
|---|
| Semester | Seventh Term (Fall) |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Define risk and distinguish among different types of risk through classification.
- Apply risk management processes and risk control techniques in practical scenarios.
- Perform basic estimations of damage probabilities.
- Conduct damage estimation using linear regression and normal distribution methods.
- Prioritize risks and make decisions based on these priorities.
- Conduct financial analyses of the time value of money in insurance and perform value-at-risk computations.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course covers the definition and classification of risk, along with risk management, control techniques, and loss estimation methods. Students will learn techniques from basic loss probability estimation to prediction using linear regression and normal distribution, and gain practical skills in financial analysis related to the time value of money in insurance, including value-at-risk calculations using Excel. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Definition and classification of risk |
|
2nd Week |
Introduction to risk management |
|
3rd Week |
Risk control and financing techniques |
|
4th Week |
Loss estimation: basic level loss probability estimate |
|
5th Week |
Loss estimation: using linear regression |
|
6th Week |
Loss estimation: with normal distribution |
|
7th Week |
Prioritization of risks |
|
8th Week |
Midterm exam |
|
9th Week |
Time value of money in insurance: reserve funding and insurance coverage analysis |
|
10th Week |
Time value of money in risk control and investment decisions: net present value and internal rate of return |
|
11th Week |
Value at risk (VaR) |
|
12th Week |
VaR applications: variance-covariance and historical simulation method |
|
13th Week |
Excel application of VaR |
|
14th Week |
General review |
|
| Recommended or Required Reading | Rejda, G. E., & McNamara, M. J. (2021). Principles of risk management and insurance (14th ed.). Pearson.
Kırbeşoğlu, E. (2022). Risk yönetimi ve sigortacılık. Ankara: Akademi Consulting Training Yayınları.
Bölükbaşı, A. G. (2001). Sigortacılıkta risk yönetimi. İstanbul: Türkmen Kitabevi.
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Questions/Answers
- Presentation
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Assignment |
1 |
20 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
40 |
40 |
| Course hours |
13 |
3 |
39 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
1 |
1 |
| Homework |
1 |
5 |
5 |
| Total Work Load | 148 |
| Total Work Load / 30 (h) | 4.93 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
Programme Qualifications / Learning Outcomes
|
LO1 |
LO2 |
LO3 |
LO4 |
LO5 |
LO6 |
| K1 |
X |
X |
X |
X |
X |
X |
| K2 |
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|
|
|
|
X |
| K3 |
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|
|
|
X |
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| K4 |
|
X |
X |
X |
|
X |
| K5 |
|
X |
X |
X |
X |
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| K6 |
|
|
X |
|
|
|
| K7 |
|
|
X |
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|
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| K8 |
|
|
|
|
|
X |
| K9 |
X |
X |
X |
X |
X |
|
| K10 |
|
|
X |
|
X |
X |
| K11 |
|
|
|
|
|
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| K12 |
|
X |
X |
X |
X |
X |
