INSURANCE AND RISK MANAGEMENT PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
BAY420	INSURANCE AND RISK MANAGEMENT	5	3	3	5

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assoc.Prof. HAKAN ÖZCAN
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	Objective of the course is to help students gain the knowledge and skills to identify the risks to which human life and economic assets about the insurances to be made to eliminate the damages caused by these risks
Contents of the Course Unit:	Contents of the course include; Risk Identification, Risk Management, Insurance and Insurance Funds, Function of Insurance and Basic Concepts, Insurance Contract, Pricing in Insurance Companies, Insurance Claim Management, Reassurance, Insurance Branches

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the concept of risk
Differentiate the the difference between the concept of insurance as a precaution against risk
Estimate the compensation to be paid in return for the damage to occur
Classify different risk concepts for insurance branches

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Preparation from the sources recommended	Definition of risk concept	Narration and Discussion method
2	Preparation from the sources recommended	Risk Management principles	Narration and Discussion method
3	Preparation from the sources recommended	Fundamentals of Insurance	Narration and Discussion method
4	Preparation from the sources recommended	Fundamentals of Insurance	Narration and Discussion method
5	Preparation from the sources recommended	Function of Insurance and basic concepts	Narration and Discussion method
6	Preparation from the sources recommended	Development of Insurance in World	Narration and Discussion method
7	Preparation from the sources recommended	Development of Insurance in Turkey	Narration and Discussion method
8	-	MID-TERM EXAM	-
9	Preparation from the sources recommended	Types of Insurance - Goods Insurances	Narration and Discussion method
10	Preparation from the sources recommended	Types of Insurance - Goods Insurances	Narration and Discussion method
11	Preparation from the sources recommended	Types of Insurance - Life Insurances	Narration and Discussion method
12	Preparation from the sources recommended	Types of Insurance - Liability Insurances	Narration and Discussion method
13	Preparation from the sources recommended	Types of Insurance - Automobile Insurance and Traffic Insurances	Narration and Discussion method
14	Preparation from the sources recommended	Types of Insurance - Health Insurances	Narration and Discussion method
15	Preparation from the sources recommended	Individual Retirement System concept	Narration and Discussion method
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Çipil, M. (2013). Risk Yönetimi ve Sigortacılık. Ankara: Nobel Akademik Yayıncılık
Özbolat, M. (2011). Temel Sigortacılık. İstanbul:Seçkin Yayıncılık
Kırkbeşoğlu, E. (2014). Risk Yönetimi ve Sigortacılık. Ankara: Gazi Kitabevi
Rejda, E. G., McNamara, M., Principles of Risk Management and Insurance, London:Pearson Education Limited

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define basic concepts related with banking, insurance and finance.					4
2	Relates the theoretical and practical knowledge in the field to economics, business, law, statistics, accounting and marketing				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate banking and insurance applications to financial theories, mathematical and statistical methods.				3
2	Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.					4

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the planning and implementation process in banking and insurance transactions.					4
2	Provide solutions for the problems encountered in banking and insurance transactions.					4

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use theoretical and practical knowledge in the field of banking and insurance transactions.					4
2	By analyzing economic data accurately, manage savings and portfolio investments to minimize financial risks.					4

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	He/She works as a leader or a team member in a teamwork from the planning of the banking transactions to the implementation and performs the task assigned to them within the team.					4

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Gain the basic knowledge necessary for the planning process of banking and insurance activities and human resources performance management.					4
2	Use the computer programs related with field in banking and insurance transactions.					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Cooperate to bring innovative ideas to the stakeholders in the sector using banking insurance-related databases, information and communication technologies.					4
2	Research on scientific, sectoral developments and innovations related to the field with lifelong learning as a principle.						5

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze financial data related to his / her field.					4
2	Apply knowledge and skills related to his / her field by taking into account his legal, social and ethical responsibilities.						5

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	14	2	28
Land Surveying	0	0	0
Group Work	2	2	4
Laboratory	0	0	0
Reading	5	3	15
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	12	2	24
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	12	1	12
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	61	0	127