Information Package

TBF350

INSURANCE

Course Code
TBF350
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Become familiar with the fundamental concepts of insurance and professional jargon.
  2. Recognize the impact of the basic principles of insurance on the industry.
  3. Examine the historical development of insurance in Turkiye.
  4. Learn the theoretical foundation of insurance.
  5. Perceive the development of the insurance sector in Turkiye and the awareness of insurance ethics.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course aims to provide the necessary foundation for advanced knowledge in insurance by covering topics such as insurance, the benefits of insurance, risk, parties in insurance, the historical development of insurance, basic principles, and the management and organizational structure of the insurance sector.
Course Contents
WEEK TOPICS
1st Week Definition and characteristics of insurance, probability and insurance, the law of large numbers
2nd Week The benefits and functions of insurance and the concept of risk
3rd Week Historical development of insurance in Turkiye and worldwide
4th Week Parties in insurance, their obligations, and insurance intermediaries
5th Week Stages of the insurance process: insurance premium and determination, policy, endorsement, and renewal
6th Week Basic principles of insurance (insurable interest, utmost good faith, indemnity)
7th Week Basic principles of insurance (contribution, proximate cause, subrogation)
8th Week Midterm exam
9th Week Types of insurance (private insurance-social insurance)
10th Week Types of insurance
11th Week Termination of insurance contracts, claims, and claims processes
12th Week Management and organizational structure of insurance companies
13th Week Student presentations
14th Week Student presentations
Recommended or Required ReadingRejda, G. E., & McNamara, M. J. (2020). Risk yönetimi ve sigortacılık prensipleri (Ufuk Başoğlu, Trans.; 14th ed.). Nobel Akademik Yayıncılık.

Özbolat, M. (2011). Temel sigortacılık. Seçkin Yayıncılık.

Kırkbeşoğlu, E. (2022). Risk yönetimi ve sigortacılık (3rd ed.). Gazi Kitabevi.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Questions/Answers
  • Presentation
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
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 35 35
Course hours 13 3 39
Preparation for Midterm exam 1 25 25
Laboratory (including preparation)
Final exam 1 1 1
Homework
Total Work Load143
Total Work Load / 30 (h)4.76
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3 LO4 LO5
K1 X X
K2
K3
K4 X X
K5 X
K6 X
K7
K8
K9
K10