BUSINESS ADMINISTRATION
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
BA4218 Risk Management and Insurance Spring 3 0 3 6
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: En
Type of course: Departmental Elective
Course Level: Bachelor
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi BAHAR KÖSEOĞLU
Course Lecturer(s): Instructor SELDA EKE
Course Objectives: This course is designed to enable students to gain an understanding of insurance industry and dynamics of insurance business. For this purpose risk management concept is analysed thoroughly. Furthermore, knowledge of insurance techniques and types provided to students.

Learning Outputs

The students who have succeeded in this course;
Students acquire an understanding about the concept of risk and uncertainty. They become knowledgeable about the impact of risk, cost of risk, types of risks, insurable risks, and enterprise risks. Students gain a grip on the subjects such as evolution of risk management, risk management process, insurance techniques, and risk management in insurance companies.

Course Content

This course provide information on insurance industry and risk management along with detailed techniques in insurance and types of insurance.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction : Overview of risks surrounding companies and individuals
2) The concept of risk : Definition of risk and uncertainty , impact of risk , cost of risk, types of risks , insurable risks, enterprise risks , strategy and risks.
3) Evolution of risk management : The definition of risk management, the transition to Enterprise Risk Management , objectives of risk management, benefits of risk management , basic risk concepts
4) Risk Management Process :Steps in risk management process
5) Risk governance , corporate governance and risk management , internal systems ; the responsibilities of risk manager , internal controller, the responsibilities of internal auditor (Discussion and cases )
6) Midterm
7) Insurance as a risk management tool :The definition of insurance, the benefits of insurance to society and the role of insurance in the economic development and sustainability , the benefits for businesses and individuals
8) Insurance techniques :The principles of insurance, basic concepts of insurance , insurance regulation and insurance industry, legal bodies, organizations and associations in the insurance industry.
9) Insurance contract :Basic parts of an insurance contract ,the obligation of insureds and insurers, the termination and cancellation of the insurance contract , insurance pricing
10) Risk management in insurance companies : Functions of insurance companies, financial statements of insurance companies , risk management
11) Types of insurance I : Non life insurance types
12) Types of insurance II : Life insurance types
13) Student project presentations
14) Student project presentations

Sources

Course Notes: Principle of Risk Management and Insurance : George E.Rejda, Michael Mc.Namara ( in the library ) Fundamentals of Risk Management, Paul Hopkins, Kogan Page ( in the library )
References: Supplementary books: Enterprise Risk Management , A Common Framework for the Entire Organization, Philip E.J.Green Implementing Enterprise Risk Management , Case Studies and Best Practices, John Fraser, Betty Simkins , Kristina Narvaez ( in the library ) Enterprise Risk Management, Practical Applications, Steven M. Bragg ( in the library )

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 10
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 0
Presentation % 0
Project 1 % 20
Seminar % 0
Midterms 1 % 30
Preliminary Jury % 0
Final 1 % 40
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Laboratory 0 0 0
Application 0 0 0
Special Course Internship (Work Placement) 0 0 0
Field Work 0 0 0
Study Hours Out of Class 0 0 0
Presentations / Seminar 0 0 0
Project 1 30 30
Homework Assignments 0 0 0
Quizzes 0 0 0
Preliminary Jury 0 0 0
Midterms 1 30 30
Paper Submission 0 0 0
Jury 0 0 0
Final 1 40 40
Total Workload 142

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Being able to identify problems and ask right questions
2) Having problem solving skills and developing necessary analytical attitude
3) Comprehending theoretical arguments along with counter arguments in detail
4) Gaining awareness of lifelong learning and being qualified for pursuing graduate education
5) Applying theoretical concepts in project planning
6) Communicating efficiently by accepting differences and carrying out compatible teamwork
7) Increasing efficiency rate in business environment
8) Developing innovative and creative solutions in face of uncertainty
9) Researching to gather information for understanding current threats and opportunities in business
10) Being aware of the effects of globalization on society and business while deciding
11) Possessing digital competence and utilizing necessary technology
12) Communicating in at least one foreign language in academic and daily life
13) Possessing managing skills and competence
14) Deciding with the awareness of the legal and ethical consequences of business operations
15) Expressing opinions that are built through critical thinking process in business and academic environment