INTRODUCTION TO INSURANCE

SİGO111

Course Code: SİGO111
Semester: First Term (Fall)
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

First Term (Fall)

ECTS

Name of Lecturer(s)

Professor Erdem Kırkbeşoğlu

Learning Outcomes

At the end of this course, the students;

Gain familiarity with fundamental insurance concepts and professional terminology, and apply these terms accurately in context.
Analyze the fundamental principles of insurance and explain their impact on the industry.
Examine the historical development of insurance in Turkiye and critically assess the main turning points in this progression.
Define the theoretical foundations of insurance and discuss their effects on practical applications.
Evaluate the development of the insurance sector in Turkiye and explain the importance of ethical awareness within the industry.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course covers topics such as insurance, its benefits, risks, parties involved in insurance, the historical development of insurance, basic principles, and the organizational structure of the insurance sector, providing a foundation for advanced insurance knowledge.

Course Contents

WEEK	TOPICS
1^st Week	Definition and characteristics of insurance, probability and insurance, law of large numbers
2^nd Week	Benefits and functions of insurance, concept of risk
3^rd Week	Historical development of insurance in Turkiye and worldwide
4^th Week	Parties involved in insurance, their responsibilities, insurance intermediaries
5^th Week	Steps in insurance transactions, insurance premium determination, policy, endorsements, and renewals
6^th Week	Basic principles of insurance: insurable interest, utmost good faith, indemnity
7^th Week	Basic principles of insurance: contribution, proximate cause, subrogation
8^th Week	Midterm exam
9^th Week	Types of insurance
10^th Week	Types of insurance
11^th Week	Termination of insurance contracts, claims and claims processes
12^th Week	Termination of insurance contracts, claims and claims processes
13^th Week	Management and organizational structure of insurance companies
14^th Week	General review

Recommended or Required Reading

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

Kırkbeşoğlu, E. (2015). Risk yönetimi ve sigortacılık. Gazi Kitabevi.

Planned Learning Activities and Teaching Methods

Lecture
Questions/Answers
Presentation

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	30
Assignment	2	20
Attendance	1	10
Total(%)		60
Contribution of In-term Studies to Overall Grade(%)		60
Contribution of Final Examination to Overall Grade(%)		40
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	2	28
Preparation for Final exam	1	35	35
Course hours	13	3	39
Preparation for Midterm exam	1	20	20
Laboratory (including preparation)
Final exam	1	1	1
Homework	2	10	20
Total Work Load			144
Total Work Load / 30 (h)			4.8
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4	LO5
K1
K2
K3
K4	X	X	X	X	X
K5	X			X
K6				X
K7
K8					X
K9				X
K10	X
K11					X