Faculty of Technical Sciences

Subject: Rates of Insurance Premiums (17.IM2713)

Native organizations units: Department of Industrial Engineering and Engineering Management, Chair of Production Systems, Organization and Management
General information:
 
Category Theoretical-methodological
Scientific or art field Proizvodni i uslužni sistemi, organizacija i menadžment
Interdisciplinary No
ECTS 4
Educational goal:

During the course, students gain knowledge to understand and underwrite insurance risks. The aim of the course is acquiring the competencies necessary for calculating insurance premium and to determine the type of insurance coverage.

Educational outcome:

Student will be able to assess potential risks in underwriting process. Student will gain competitions necessary for designing an adequate insurance model for different types of assets, as well as to propose an adequate life insurance model.

Course content:

The legal elements of security: Sources of law in insurance, general and special conditions of insurance, subject of insurance, insured risk, technical organization of insurance: insurance elements, principles of operation, security and risk, the application of statistical methods in the risk quantification; Life insurance: types and basic characteristics of life insurance, product design, contract signing, the actuarial methods and assumptions for determining life insurance rates. Non-life insurance: types and main characteristics of non-life insurance, collective risk theory and its application, tariff setting of non-life insurance, insurance pricing principles and calculation of premiums, technical provisions and solvency margin; Insurance and reinsurance: maximum retention, the types of reinsurance contracts.

Teaching methods:

Teaching on the course includes lectures and auditory exercises.

Literature:
Authors Title Year Publisher Language
Lisov, M., Žarković, N. Ekonomske i tehničke osnove osiguranja 2010 Fakultet tehničkih nauka, Novi Sad Serbian language
Olivieri Annamaria, Pitacco Ermanno Introduction to Insurance Mathematics: Technical and Financial Features of Risk Transfers 2015 Springer International Publishing English
Jelena Kočović Aktuarske osnove formiranja tarifa u osiguranju lica 2000 Ekonomski fakultet, Beograd Serbian language
Knowledge evaluation:
Course activity Pre-examination Obligations Number of points
Lecture attendance Yes Yes 5.00
Theoretical part of the exam No Yes 70.00
Exercise attendance Yes Yes 5.00
Term paper Yes Yes 20.00
Lecturers:

Asistent Vuković Marko

Assistant - Master

Practical classes
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vanr. prof. dr Popović Ljiljana

Associate Professor

Lectures

prof. dr Bunčić Sonja

Full Professor

Lectures

Faculty of Technical Sciences

© 2024. Faculty of Technical Sciences.

Contact:

Address: Trg Dositeja Obradovića 6, 21102 Novi Sad

Phone:  (+381) 21 450 810
(+381) 21 6350 413

Fax : (+381) 21 458 133
Emejl: ftndean@uns.ac.rs

© 2024. Faculty of Technical Sciences.