Information Package

Program of Insurance

TBS375

LOSS AND INDEMNITY APPLICATION IN INSURANCE

Course Code
TBS375
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. Explain the operational mechanism of private insurance and analyze the significance of claims and indemnity processes within this framework.
  2. Define the balance between income and expenses in insurance activities and determine the impact of claims on this balance.
  3. Measure and analyze the effects of claims and indemnity levels on pricing and tariff processes.
  4. Evaluate the importance of technical reserves and analyze the impact of outstanding claims and incurred but not reported reserves on a company's technical results.
  5. Assess the impact of effective claims management on the efficiency and profitability of businesses.
  6. Apply claims estimation methods.
  7. Develop an understanding of insurance fraud and money laundering in the insurance sector.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThis course will provide general information about loss and compensation insurance and explain the operation of loss applications in the insurance sector.
Course Contents
WEEK TOPICS
1st Week General concepts and principles in legislation related to loss and compensation practices in insurance
2nd Week General concepts and principles in legislation related to loss and compensation practices in insurance
3rd Week Scope of the liability for loss payments in insurance companies
4th Week Scope of the liability for loss payments in insurance companies
5th Week Principles related to determining the amount of compensation and payment of compensation
6th Week Principles related to determining the amount of compensation and payment of compensation
7th Week Loss payment processes and their reflections in company records
8th Week Midterm exam
9th Week Refunding and subrogation processes and their reflections in company records
10th Week Outstanding claim, incurred but not reported claims, adequacy differences in outstanding claims, and related reserves
11th Week Loss analysis in insurance companies
12th Week Loss profile and evaluation of the Turkish insurance sector
13th Week Loss disputes, arbitration expert institution
14th Week General review
Recommended or Required ReadingNazlıer, M. (2018). Madenlerde risk ve hasar yönetimi. Seçkin Yayıncılık.

Nazlıer, M. (2022). İnşaat, inşaat sigortaları ve hasar uygulamaları: Kavram-tespit-uygulama. Seçkin Yayıncılık.

Nazlıer, M. (2017). Yenilenebilir enerji santrallerinde risk ve hasar yönetimi. Seçkin Yayıncılık.

Risk and damage assessment bulletins.

Ekol Ekspertiz damage and risk archive.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Project
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 40 40
Course hours 13 3 39
Preparation for Midterm exam 1 20 20
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 LO6 LO7
K1
K2
K3
K4 X X X X
K5 X X X X
K6 X X X X X X X
K7
K8
K9
K10
K11