FAK 2629 Norwegian and International Insurance

APPLIES TO ACADEMIC YEAR 2015/2016
Norwegian version

FAK 2629 Norwegian and International Insurance


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 primarily meant for employees who have worked within the insurance industry for some years and are in the need to know the industry’s position in the society and its relations to foreign countries and markets. The course is a part of the Insurance Programme of Bachelor of Management


Learning outcome
Acquired knowledge
The students shall obtain an overview of the Norwegian Insurance Industry’s position and importance, historically, politically and economically in the Norwegian society. Further the students shall obtain insight into international insurance through the attention to central elements of the International Insurance Markets, especially the London Market, and the Norwegian Insurance Industry’s position and interaction with this particular market.

Acquired skills
The students shall be able to explain the Norwegian Insurance Industry’s position and importance, historically, politically and economically as a part of the Norwegian society and relate this to their daily work. Further, the students shall be able to explain the main features of the London Market and its relation and interaction with the Norwegian insurance market

Reflection
The students shall achieve an understanding of and develop a conscious attitude that the industry is a part of and is influential to the society, both nationally and internationally, and use this consciousness in their work.


Prerequisites
There are no formal prerequisites, but the applicant should have knowledge equivalent to the courses “Introduction to Insurance”, and English language skills equivalent to the course “English for the Finance Market: Effective Business Communication”.

Compulsory reading
Books:
Tannæs, Egil, red. 2001. Forsikring - en bærebjelke : en bok ved Den norske forsikringsforenings 100 års jubileum. Den norske Forsikringsforening

Articles:
Jordet, Thore S. 2005. Norsk forsikring - Strukturendringer og utvikling i etterkrigstiden. Nordisk forsikringstidsskrift. nr. 1. 64-76

Collection of articles:
Olav Vanneb m.fl.. 2014. Norsk og internasjonal forsikring. 1

Other:
NOU 2008:20 Om skadeforsikringsselskapenes virksomhet


Recommended reading

Other:
2001. NOU 2001:24 Ny livsforsikringslovgivning
2015. Finansåret 2015 - Finans Norge
NOU 2010:6 Banklovkommisjonens utredning nr 23. Pensjonslovene og Folketrygdreformen I.
NOU 2012:13 Banklovkommisjonens utredning nr 26. Pensjonslovene og Folketrygdreformen II.
NOU 2013:12 Banklovkommisjonens utredning nr. 28. Uførepensjon i private tjenestepensjonsordninger.
NOU 2013:3 Banklovkommisjonens utredning nr. 27. Pensjonslovene og Folketrygdreformen III.
Sigma: World Insurance, nyeste versjon



Course outline
· Public supervision with the Insurance Industry
· Recent history of the Insurance Industry
· Important industrial policy challenges
· The Insurance Industry’s standing
· Insurance in EU and EEA – development, relations to countries outside EU, Norway in particular
· The International Insurance Market – the superstructure, central problems
The London Market – Legislation, public supervision, Lloyd’s, Insurance Brooking, foreign owned companies


Computer-based tools
itslearning (virtual classroom/intranet facilities)

Learning process and workload
Part-time organized as distance education based on self tuition.
Intensive two + four days seminars are organized. Second seminar takes place in London. Participation is mandatory.


Recommended use of time:

Activity
Use of hours
Participation of the 6 seminar days
35 timer
Preparation for seminars
10 timer
Project paper - examination
50 timer
Reading of curriculum
100 timer
Aktiviteter on It's learning
5 timer
Recommended total work load
200 timer


    Examination
    Project paper, individual or in groups of up to three students.
    Examination code(s)
    FAK 26291 Project paper, which account for 100 % of the final grade in the course FAK 2629, 7,5 credits

    Examination support materials
    All written materials are permitted. Examination support materials at written examinations are specified under exam information in our Student Web Portal. Please note the use of calculator and dictionary. http://www.bi.edu/studentportal

    Re-sit examination
    A re-sit is held at the next scheduled exam in the course.

    Additional information