FAK 2203 Insurance Economics - Reinsurance
Responsible for the course
Ørnulf Daler
Department
Department of Accounting - Auditing and Law
Term
According to study plan
ECTS Credits
3
Language of instruction
Norwegian
Introduction
The course is meant for al employees in the Insurance Industry. The course is a part of all Insurance Authorizations and can be included in The Insurance Exam.
Learning outcome
Acquired knowledge
The students shall after having completed the course understand the intention behind the accounting and understand the main features of the profit and loss account and balance. The students shall in addition understand the intentions of re insurance and the main feature of how the re insurance programs are developed and how they work.
Acquired skills
The students shall be able to evaluate and explain Insurance accounts,
The main features of the profit and loss account and balance. The students shall also be able to explain the main features of how re insurance programs are developed and how they work.
Reflection
During the course, the students should have acquired a conscious attitude to the fact that their professional choices and advices first and foremost are of importance for other people than themselves.
Prerequisites
The course implies that the student has basic knowledge of Norwegian Insurance. The course Introduction to Insurance should have completed. Experience from your own work is a source of understanding.
Compulsory reading
Books:
Engelsen, Bjørnar, Thore Jordet og Kari Opsjøn. Forsikringsøkonomi : en innføring. Siste utg. BI Forsikring
Gleditsch, Jon ... et al. 2007. Reassuranse : en innføring. 4. utg. BI Forsikring
Other:
Utdelt materiell
Recommended reading
Course outline
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Supervisory authorities
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Insurance Economics
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Accounting Act
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Accounting
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Profit and loss account
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Balance
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Analysis
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Capital adequacy
- Solvency
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Retention
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General Reinsurance
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Life Reinsurance
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Specialized Reinsurance
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Reinsurance Market
- Conflict solving
Computer-based tools
It’s learning (virtual classroom/intranet facilities)
Learning process and workload
Part-time organized as distance education based on self-tuition and two send-ins (not mandatory).
Intensive one-day seminars are organized but participation is not mandatory.
Examination
A 3 hours individual written exam concludes the course. If used for Authorization the candidate must obtain at least grade C.
Examination code(s)
FAK 25011 Introduction to Insurance, which account for 100 % of the final grade in the course FAK 2501. 3 credits
Examination support materials
BI-defined exam calculator TEXAS INSTRUMENTS BA II Plus™ and/or simple calculator are allowed.
Examination support materials are specified under examination information in our web-based Student Handbook. Please note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
Re-sit examination
A re-sit is held at the next scheduled exam in the course.
Additional information
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