Academic year
2017-18
Is found in:
- International Curriculum, programme stage 3
In other study programme:
-
Bachelor of Business Management as European Insurance
-
Bachelor of Business Management as European Insurance (English)
This is a single course unit.
Study load:
3 credits
Weight:
3,00
Total study time: 75,00 hours
Possible deadlines for learning account: 01.12.2017 () or 15.03.2018 ()
Organisation of education
This course unit is marked out of 20 (rounded to an integer).
Re-sit exam: is possible.
It is not possible to enrol in this course unit under
- exam contract (to obtain a credit).
- exam contract (to obtain a degree).
Special admission is required to enrol in this course unit under credit contract.
Co-ordinator: Chamon Benjamin
Language course: No
Languages: English
Scheduled for: Semester 1 or Semester 2
Objectives
To provide students with an in-depth insight of the European insurance and reinsurance market and the supervision thereof with reference to the relevant European directives, regulations and recommendations.
Contents
1. Introduction:
- Unification of the European insurance market
- Life insurance and Non-Life insurance
- Diversification of risks
2. Supervision of insurance and reinsurance undertakings in the single European market
3. Private International Law on insurance contracts
- Regulations on solving conflicts of law with regard to insurance
3. Insurance mediation in the single European market
4. Reinsurance
- Quota share systems
- Surplus systems
- Excess of loss systems
- Stop loss systems
5. Technical aspects related to insurance undertakings:
- calculation of premiums
- technical reserves
- equilibrium-theory: general approach and exercises
- case studies and exercises based on life-insurance policies.
- case studies and exercises based on non-life insurance policies.
Order of enrolment
There are no prerequisites for this course.
Final objectives
1. Extensive knowledge and understanding of European insurance
Indicators:
- Students can demonstrate a basic knowledge of European Insurance Law, as it is to be implemented under the Law of the E.U. Member States.
- Students can demonstrate a basic knowledge of the European supervision rules on insurance undertakings
- tudents are able to work with different types of insurances provided on the European insurance market.
- Students can demonstrate a basic knowledge of distribution of insurances in the single European Market.
- Students can demonstrate a basic knowledge of and apply the principles of reinsurance and risk diversification.
2. Ability to acquire and process information related to European Insurance
Indicators:
- Students have a thorough understanding of the evolution and structure of European Insurance law
- Students can execute research related tasks in relation to the primary sources of European Insurance Law
- Students are able to analyse and interpret European Insurance Law sources
- Students are able to judge the (present) relevance of sources
- Students are able to refer correctly to sources
3. Ability to implement European insurance law in a specific professional context
Indicators:
- Students are able to identify and qualify the relevant facts in a case study
- Students are able to deduce the relevant legal questions from a case study
- Students are able to provide a preliminary legal advice when provided with different scenarios
- Students are able to detail and explain a preliminary legal advice
Evaluation
- First exam opportunity:
- non-period bound evaluation: 30%
- period bound evaluation: 70% written exam
- Second exam opportunity: