Discipline sheet
1. Information about the program
1.1 Higher education institution
1.2 Faculty
1.3 Department
1.4 Field of study
1.5 Study cycle
1.6 Program of study/Calification
Babes-Bolyai University, Cluj-Napoca
FSEGA
Finance
Finance
License
Finance and Banking
2. Information about the discipline
Insurance
PhD Lecturer
2.2 The holder of the course
activities
DragosSimona Laura
PhD Lecturer
2.3 The holder of the seminar
activities
DragosSimona Laura
2.1 Discipline title
2.4 Year of study
III 2.5 Semester
II
2.6 Type of assessment summative 2.7 Discipline regime
Compul
sory
3. Total time estimated (hours per semester of teaching)
3.1 Number of hours per week
4 From which: 3.2 course
2
3.3 seminar/laboratory
2
3.4 Total hours of curriculum
48 From which: 3.5 course
24
3.6 seminar/laboratory
24
Time distribution
Study after textbook, course support, bibliography and notes
Additional documentation in library, on specialized electronic platforms and on the field.
Preparing seminars/laboratories, essays, portfolios and reports.
Tutoring
Examinations
Others activities...................................
3.7 Total hours for individual
study
3.8 Total hours per semester
3.9 Number of credits
52
100
4
4. Preconditions (if necessary)
4.1 Of curriculum
Not necessary
4.2 Of skills
Not necessary
Hours
12
15
19
3
3
5. Conditions (if necessary)
5.1. For conducting the
course
5.2. For conducting
seminar/laboratory
All university official rules with respect to students’ attendance of academic activities, as
well as to cheating and plagiarism, are valid and enforced.
All university official rules with respect to students’ attendance of academic activities, as
well as to cheating and plagiarism, are valid and enforced.
6. Specific skills acquired
Profess • Identification and description of the operations and financial transactions.
• Identification and definition of the financial concepts, theories and instruments in the public and
ional
private organizations
skills
• Applying specific procedures for financial supervision.
• Ability to understand key concepts of insurance, the use and limitations of insurance, and the
principles and practices employed in insurance markets.
• Developing the skill to offer solutions and strategies for the future development of the insurance
industry.
• Developing individual knowledge of how the price of life insurance is determined.
• Deal with the main aspects regarding how principal rating procedures are applied to lines of
insurance.
•
Preoccupation for interdisciplinary analysis.
Transv
• Implication in research activities, such as documentation, elaborating literature reviews and specialty
ersal
articles.
skills
• Participation to projects with scientific character and identification of the opportunities for insurance
field in the future.
7. Course objectives(arising from grid of specific skills acquired)
7.1 General objective of the
 Assimilation of theoretical, methodological and practical knowledge
discipline
regarding insurances.
7.2 Specific objectives




Knowledge and understanding of the nature of insurance, risk
transfer concepts, characteristics of insurable risks
Familiarization with the structure of the insurance marketplace, selfinsurance, captives, market organizations, regulation
Understand the insurance pricing, physical and moral hazard, and the
role of the underwriter, broker and surveyor
Develop an consciousness of the corporate demand for insurance
under adverse selection and moral hazard and its relation to profit
smoothing, avoidance of bankruptcy and the monitoring role of
insurance
8. Contents
8.1 Course
Principles of Insurance
Teaching
methods
Exposition with
video projector
Elements of an Insurance Contract
Exposition
Legal Aspects of Insurance Contracts
Exposition,
theoretical and
open discussions
Theoretical
discussions using
audio and visual
devices
Exposition and
open discussions
Exposition and
open discussions
Insurance Company Organization and Insurance Transactions
Life Insurance
Property and Liability Insurance
Observations
2 expositions
2 expositions
2 expositions
3 expositions
2 expositions
3 expositions
Bibliography:
1. Baranoff E. (2004), Risk Management and Insurance, John Wiley and Sons
2. Ciumas C. (2009), Asigurarigenerale, Ed. Casa Cărţii de Ştiinta, Cluj-Napoca(available at our faculty’s Library
andBCU)
3. Dragos S. (2007), Tarifareaasigurarilor de viata, Ed. PresaUniversitaraClujeana, Cluj-Napoca (available at
Finance Department’s Library at our faculty’s Library)
4. Gerber H.U. (2004), Life Insurance Mathematics, Springer, 3rd edition
5. Vaughan E., Vaughan T., Elliott C., (2002), Fundamentals of Risk and Insurance, John Wiley , Boston (available
at Finance Department’s Library andBCU)
6. Williams A., Smith M., Young P. (1998), Risk Management and Insurance, 8th edition, McGraw – Hill
International Editions, Boston (available at Finance Department’s Library andBCU)
8. 2 Seminar/laboratory
Teaching methods Observations
Risk transfer, loss sharing and discrimination
Case studies and
applications by
students
participation
Analyzing and
explaining the
regulations from
the insurance
contract
Elaboration and
presentation of
papers on major
topics by the
students.
Case studies and
applications by
students
participation
Structure and analysis of insurance contracts
Private insurance organizations
The pricing of insurance
2 seminars/
laboratories
2 seminars/
laboratories
2 seminars/
laboratories
2 seminars/
laboratories
Presentation of individual and collective projects
Elaboration and 6 seminars/
presentation of
laboratories
papers by the
students working
in pairs.
Bibliography:
1. Baranoff E. (2004), Risk Management and Insurance, John Wiley and Sons
2. Ciumas C. (2009), Asigurarigenerale, Ed. Casa Cărţii de Ştiinta, Cluj-Napoca(available at
our faculty’s Library andBCU)
3. Dragos S. (2007), Tarifareaasigurarilor de viata, Ed. PresaUniversitaraClujeana, ClujNapoca (available at Finance Department’s Library at our faculty’s Library)
4. Gerber H.U. (2004), Life Insurance Mathematics, Springer, 3rd edition
5. Vaughan E., Vaughan T., Elliott C., (2002), Fundamentals of Risk and Insurance, John
Wiley , Boston (available at Finance Department’s Library andBCU)
6. Williams A., Smith M., Young P. (1998), Risk Management and Insurance, 8th edition,
McGraw – Hill International Editions, Boston (available at Finance Department’s Library
andBCU)
9. Corroboration / validation of the discipline content according to the expectations of the epistemic
community representatives, of the ones of the professional associations and also of the representative
employers of the corresponding program.
 The subject matter content comes as an answer to the necessity of acquiring insurance
knowledge for the graduates of the finance and banking specialty. The Insurance subject
matter follows to provide anhomogeneous qualification, accordingly to the requirements of
the assurer profession.
10. Evaluation
Type of activity
10.4 Course
10.1 Evaluation criteria
10.2 Methods of assessment
Ability to understand the principles and
Written exam based on open
practices employed in insurance markets.
questions and multiple choices.
Ability to deal with the main aspects
regarding how principal rating procedures are
applied to lines of insurance.
Ability to understand the practice of
insurance and its role in risk management.
Ability to expand their awareness about the
role of insurance supervision.
10.5
Understanding of the problems discusses in A quiz from the applications and
Seminar/laborator course;
problems presented during the
y
first part of the semester – 30%
Ability to solve the case studies;
Achieving and presentation of a
Knowledge of insurance pricing in view of project – 20%
project realization ;
10.3 Share in
final grade
50%
50%
In order to realize the project it is necessary
to review the references.
For the project the imperative
items will be detailed as well as
the relevant score.
10.6 Minimum standard of performance
Students must be able to understand key concepts of insurance, to develop individual knowledge
of how principal rating procedures are applied to lines of insurance, to understand the practice of
insurance and its role in risk management.
Date of completion
Signature of the course holder
Signature of the seminar holder
01.09.2012
Ph.D. Lecturer Dragos Simona
Ph.D. Lecturer Dragos Simona
Approval date by department
11.09.2012
Signature of the Head of the Department
Professor Cristina Ciumaș PhD