FAK 2326 Underwriting
APPLIES TO ACADEMIC YEAR 2012/2013
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FAK 2326 Underwriting Responsible for the course Ørnulf Daler Department Department of Accounting - Auditing and Law Term According to study plan ECTS Credits 7,5 Language of instruction Norwegian Introduction The course is one out of two that can be used as part of the Higher Insurance Exam. The course is an obligatory part of the Insurance Broker’s Authorizations for Non-life and Marine Insurance. Learning outcome Acquired knowledge The students shall obtain knowledge about how to make insurance contracts, developing risk premium and quoted premium, statistical modelling, budgeting and monitoring of the underwriting results. The students shall further obtain insight in the selection of class of business and design of products, handling the company’s risk exposure and the implementation of control systems. Acquired skills The students shall be able to evaluate the making of insurance contracts, including which risks are covered, how the premium is calculated, including which factors form part of the basis of calculation and be able to carry out a justifiable analysis and balance between the existing risk, need for insurance and costs. Reflection During the course, the students should have acquired a conscious attitude to the fact that their professional choices and advice first and foremost are of importance for other people than themselves. Prerequisites The course implies that the student has basic knowledge of the Norwegian insurance industry. The major part of the curriculum is in English. Compulsory reading Books: Jaffe, Paul A.C. 2005. Marine insurance underwriting. Chartered Insurance Institute. Uvalgte kapitler Smith, Paul. 2004. Underwriting management. New ed. Chartered Insurance Institute Collection of articles: Artikler fra Nordisk Forsikringstidsskrift: nr. 4/1995 s.348ff, 1/2000 s. 64ff, 3/2000 s. 259ff, 1/2001 s.1ff, 1/2002 s. 38ff., 2/2003 s. 177ff. Recommended reading Course outline
Computer-based tools It’s learning (virtual classroom/intranet facilities) Learning process and workload Part-time study organized as distance education based on self-tuition and five assignments (mandatory). Intensive 5 days (2+3) mandatory seminars.
Examination Project paper, individual or in groups of up to three students. For authorization purposes the grade must be C or higher. Examination code(s) FAK 23261 Underwriting, which account for 100 % of the final grade in the course FAK 2326. 7,5 credits. Examination support materials All written materials and BI-approved exam calculator are permitted. Examination support materials at written examinations are explained under exam 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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