UTIC402 International Trade and InsuranceIstanbul Okan UniversityDegree Programs International Logistics and TransportationGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
International Logistics and Transportation
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: UTIC402
Course Name: International Trade and Insurance
Course Semester: Spring
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: TR
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Faculty Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Dr.Öğr.Üyesi AYŞE NUR TOPÇUOĞLU
Course Lecturer(s): Dr.Öğr.Üyesi AYŞE NUR TOPÇUOĞLU
Course Assistants:

Course Objective and Content

Course Objectives: The aim of this course is to describe the concept of insurance in general terms and to introduce important issues related to implementation. The importance of insurance awareness in foreign trade transactions, transfer of risks, the scope of the coverage, insurance operations, types, parties, reinsurance concept, types of reinsurance, participation in damage and the importance of the role of these issues in international trade practices and other important issues related to insurance constitute are the main subjects of the course. .
Course Content: Definition of risk; definition of insurance; understand the risk in business life; understand the importance of insurance; types of insurance in business life; types of insurance in international trade; analysis of risks; development of efficient business models; selecting the most appropriate type of insurance for businesses; compulsory insurance; government supports in international trade insurances.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) • Defines the basic concepts of insurance within the framework of foreign trade principles.
2) • Indicates the possible effects of insurance use on the development of foreign trade.
3) • Evaluates how insurance and risk can be distributed and matches with foreign trade.
2 - Skills
Cognitive - Practical
1) Analyzes insurance and reinsurance calculations
3 - Competences
Communication and Social Competence
Learning Competence
1)
2.1) Evaluate insurance transactions in accordance with current commercial transactions.
Field Specific Competence
1) • Lists the types of insurance and decides which insurance may be appropriate during foreign trade.
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) • Examines the course content. • Defines the concept of risk. • Recognize the definition and functions of the insurance. • Lists insurers and insurance agents. • Examines the division of insurance policies. Recognize the stages of the export procedures to be made by selecting a product from dangerous goods products and the project presentation to be made at the end of the period which includes the stages related to the insurance of the product in question.
2) Examines the general history of the insurance. • Examines the historical development of fire insurances. • Examines the historical development of transport insurances. • Examines the historical development of accident insurance. • Examines the historical development of life insurance. • Recognize the concept of Lloyds. • recall the development of the concept of insurance in Turkey. Kaya (2014), Reading of Chapter 2, pp.21-45.
3) • Explains how the insurance contract is prepared. • Analyze the elements that must be considered in preparing the proposal form and insurance policy. • Lists general concepts related to the calculation of insurance premium. • Defines the concept of insured interest from the general principles of insurance. • Defines the concept of maximum goodwill from the general principles of insurance. • Defines the concept of compensation from the general principles of insurance. • Defines the concept of subrogation and rights from the general principles of insurance. • Defines the concept of participation in damage from general principles of insurance. • Defines the concept of close reason from general principles of insurance. Kaya (2014), Reading the 3rd chapter, pp.49-56.
4) Remember that insurance provides trust and solidarity in society. • Remember that insurance improves awareness of society. • Chooses that insurance has a positive effect on investment decisions in the economy. • Examines that insurance increases the efficiency of the financial system. • Examines that insurance has developed preventive measures against risks. • Recall the connection of insurance with economy. Kaya (2014), Reading Chapter 4, pp.57-66.
5) • Defines the concept of insurer. • Defines the concepts of insurance agents (agents - brokers). • Defines the concepts of insured - insured. • Describe the concepts of beneficiary - beneficiary. • Defines the concept of insurance premium. Kaya (2014), Chapter 6, ss.93-102.
6) • Classifies insurance contracts by insurance type. • Foresees the period and duration of insurance. • Determines the procedures for changing the fuse. • Determines the procedures related to termination and withdrawal in insurance. • Examines the proposal from the documents used in the insurance contract. • Examines the policy from the documents used in the insurance contract. • Insurance from the documents used in the insurance contract examines the temporary public. • It examines the subscription agreement from the documents used in the insurance contract. • Examines the addendum from the documents used in the insurance contract. • Examines the issuance of the documents used in the insurance contract Kaya (2014), Reading Chapter 7, p.103-110.
7) • Formulates the insurance premium. • Evaluates damage and compensation claims in fire insurance. • Evaluates damage claims and claim claims in shipping insurances. • Evaluates the claims for damage and damages in accident insurance. • Evaluates claims and claims for life insurance. Interview with insurance companies for end-of-term project presentation
8) • Distinguishes the element of exemption in the process of damage detection. • Formulates the missing-missing insurance element in the process of damage detection. • Indicates the status of the insurance cost after the damage detection process. • Distinguishes grace (ex-gratia) damage payments during the damage detection process. • Evaluates the process of resolution of disputes related to damage during the process of damage detection. Interview with insurance companies for end-of-term project presentation
9) • Students are assessed by midterm exam. • Defines the concept of risk. • Recognize the definition and functions of the insurance. • Analyze the elements that must be considered in preparing the proposal form and insurance policy. • Classifies insurance contracts by insurance type. • Determines the procedures for changing the fuse. • Formulates the insurance premium. • Evaluates damage claims and claim claims in shipping insurances. • Distinguishes the element of exemption in the process of damage detection. • Formulates the missing-missing insurance element in the process of damage detection. • Indicates the status of the insurance cost after the damage detection process. none
10) Analyze the midterm exam. • Recognizes the equivalent of current risks. • Recognizes the provision for outstanding damages. • Recognizes the unusual response (catastrophic equivalent). • Recognize money in life insurance. • Investigates investment in insurance Kaya (2014), Chapter 12 Reading, pp.187-196.
11) • Defines the concept of reinsurance commission. • Defines the concept of reinsurer. • Defines the concept of retrocession. • Defining defines the concept of retention. • Sedan defines the concept of company. • Defines the concept of phonetics. • Examines the principle of the spread of risk from the functions of reinsurance. • Examines the principle of increasing the business acceptance capacity of the insurer from the functions of the reinsurance. • Examines the principle of supporting the financial structure of the insurance company from the functions of reinsurance. • Examines the principle of control of catastrophic damages that may be caused by excess savings from the functions of reinsurance. • Examines the principle of technical information transfer from reinsurance to reinsurer. Kaya (2014), Chapter 12 Reading, pp.196-224.
12) • Examines proportional (re) proportional reinsurance from reinsurance types. • Examines the reinsurance from proportional to proportional (reinsurance) types. • Examines quas share of reinsurance types. • Examines the exedan method from reinsurance types. • Examines the facultative reinsurance from the reinsurance types. Study on project presentation at the end of term
13) • The excess of damage explains the excess of damage from special forms of reinsurance. • Explain the total damage surplus from the special forms of excess reinsurance. • The excess of damage explains the average loss surplus from special forms of reinsurance. • Explain the carpenter plan from the special forms of excess reinsurance. • Examines the scope and duration of collateral from the common provisions of the excess of the agreements. • Examines the final net damage of excess damage. • Examines the stability culmination of excess surplus agreements. • Examines the currency fluctuations clause of excess loss agreements. • Examines the settlement pattern of excess losses. Study on project presentation at the end of term
14) • Identifies the procedures and insurance policies applied in the transportation process of a commodity subject to international trade. • Student presentation Study for final exam
15) • Students are evaluated with the final exam. • Investigates investment in insurance. • Examines the reinsurance from proportional to proportional (reinsurance) types. • Examines quas share of reinsurance types. • Examines the scope and duration of collateral from the common provisions of the excess of the agreements. • Examines the currency fluctuations clause of excess loss agreements. • Evaluates project presentation. none

Sources

Course Notes / Textbooks: Risk Yönetimi ve Sigortacılık
Derleyen: Erdem Kırkbeşoğlu
Gazi Kitabevi / İşletme –Ekonomi- Pazarlama Dizisi
İstanbul, 2014
ISBN : 9786053441168
Sigortacılık
Ferudun Kaya
2014 Beta Yayınları, 4. Baskı
ISBN : 6053331315
References: Risk Yönetimi ve Sigortacılık
Mahir Çipil
Nobel Akademi Yayıncılık / Yönetim Dizisi
Ankara, 2008
ISBN : 9786051335667

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

4

3

5

Program Outcomes
1) Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline.
2) Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions.
3) Designs a logistics system that will support the business mission and objectives.
4) Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks.
5) Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment.
6) Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment
7) Can translate and explain the contents of documents written in English related to the field.
8) Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields.
9) Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline.
2) Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions.
3) Designs a logistics system that will support the business mission and objectives.
4) Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks.
5) Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment.
6) Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment
7) Can translate and explain the contents of documents written in English related to the field.
8) Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields.
9) Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added.

Learning Activity and Teaching Methods

Field Study
Expression
Lesson
Group study and homework
Case Study

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Homework
Presentation

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Homework Assignments 1 % 20
Midterms 1 % 40
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Field Work 14 1 14
Study Hours Out of Class 14 2 28
Presentations / Seminar 14 1 14
Project 14 1 14
Homework Assignments 14 3 42
Quizzes 3 1 3
Midterms 1 1 1
Paper Submission 14 1 14
Final 1 2 2
Total Workload 174