Banking and Insurance
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

General course introduction information

Course Code:

MBAS215

Course Name:

Risk at İnsurance

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	5

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Department/Faculty Elective

Course Level:

Associate

TR-NQF-HE:5. Master`s Degree

QF-EHEA:Short Cycle

EQF-LLL:5. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Dr.Öğr.Üyesi HAKAN ÖZCAN

Course Lecturer(s):

Öğr.Gör. MÜRÜVVET AKAR

Course Assistants:

Course Objective and Content

Course Objectives:	The objective of this course is to introduce students definition of risk; risk management process; risk identification; mitigation of risks; risk measuring; risk monitoring; role of insurance; functions of insurers; insurance regulation; the basics of insurance contract; basic types of insurance: enterprise insurances, personal insurances, common insurances: fire, accident, health.
Course Content:	Definition of risk; risk management process; risk identification; mitigation of risks; risk measuring; risk monitoring; role of insurance; functions of insurers; insurance regulation; the basics of insurance contract; basic types of insurance: enterprise insurances, personal insurances, common insurances: fire, accident, health.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • Define the concept of risk and why there is need for risk management.
2) • Explain mechanism for enterprise risk management.
3) • Identify basics of risk management and insurance.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)
1)	• Introduce the course to the students • Explain the major topics for the duration of the course • Give examples about major topics • Describe best practices for Risk & Insurance • Explain the concept of Risk and Insurance • Syllabus • Discuss Course Outline, • Instruction methodology • Basics on Risk • Basics on Insurance
2)	• Definition of Risks, • Types of Risks • Reasons for need of Risk Management • Identifying Threats • Possibility of Occurance • Introduction to Risk Management • Identifying Possibility of Occurance of Risks • Reviewing the risks of operations in an organization • Risk Management approaches • Conducting Risk Management in an organization	Review the Syllabus Homework: assigned reading for next class session Read Rejda and McNamara (2014) Chapter I pp. 1-19.
3)	• Risk Planning • Strategies for Risk Management • Strategies for Risk Management • Case Study – Analysis of a Real Risk Plan • Assessing vulnerability to various threats • Determining the risk ( i.e. the expected consequences of specific types of attacks on specific assets ) • Choosing ways to reduce identified risks	Homework: Assign reading for next class session Read Rejda and McNamara (2014) Chapter II, pp. 19-39.
4)	• Risk Analysis • Principles of Risk Management • Identifying risks ( Steel Industry ) • Suggesting Risk Management Strategies - Create value. - Be an integral part of organizational processes. - Be part of decision making. - Explicitly address uncertainty. - Be systematic and structured. - Be based on the best available information. - Be tailored. - Take into account human factors. - Be transparent and inclusive. - Be dynamic, iterative and responsive to change.	Homework: assign reading for next class session Read Rejda and McNamara (2014) Chapter III, pp. 43-61.
5)	• Risk Handling • How to handle various risks while running business 1. Identification of risk in a selected domain of interest 2. Planning the remainder of the process. 3. Mapping out the following: o the social scope of risk management o the identity and objectives of stakeholders o the basis upon which risks will be evaluated, constraints. 4. Defining a framework for the activity and an agenda for identification. 5. Developing an analysis of risks involved in the process. 6. Mitigation of risks using available technological, human and organizational resources	Homework: assign reading for next class session Read Rejda and McNamara (2014) Chapter IV, pp. 62-84.
6)	• Risk Monitoring • Discussion of topics for Risk Monitoring - Avoidance (eliminate, withdraw from or not become involved) - Reduction (optimise - mitigate) - Sharing (transfer - outsource or insure) - Retention (accept and budget)	Homework: assigned reading for next class session Assign mid-term paper topics to students. Team members will be selected for presentations There will be 2 types of class presentations 1) Papers About Risk 2) Papers About Insurance
7)	• Presentations on Risk ( I ) • Determined during lectures	No Assignment – Complete your presentations
8)	• Presentations on Risk ( II ) • Determined during lectures	Summarize what have been discussed
9)	• Introduction to Insurance • Insurance Concept • Insurance Concept, • Role of Insurance in Risk Management • The dynamics of Insurance • Protection from risks through insurance • Ways of protection from risks	Summarize what have been discussed
10)	• The Insurance Industry • Legal Framework and Regulations • Generally accepted ethical codes in insurance industry • Basic Information about Insurance Industry • Legal and ethical framework	Homework: assign reading for next class session. Read Rejda and McNamara (2014) Chapter V, pp. 86-102.
11)	• Functions of Insurers and Financial Aspects of Insurance • Review and discuss domestic and international schemes	Homework: assign reading for next class session Read Rejda and McNamara (2014) Chapter VI, pp. 103-112.
12)	• Most Common Insurance Avenues • Social Insurance Programs, • Life Insurance, • Car & Property Insurance, • Liability Insurance • Business Insurance and • other insurance types	Homework: assign reading for next class session Read Rejda and McNamara (2014) Chapter VII, pp. 123-139.
13)	• Student Presentations on Insurance ( I ) • Assigned During Lectures	Get ready for presentations
14)	• Student Presentations on Insurance ( II ) • Assigned During Lectures	Summarize what have been discussed
15)	• Final Exam Asses learning level of the students	Summarize what have been discussed

Sources

Course Notes / Textbooks:	Principles of Risk Management & Insurance George E. Rejda and Michael Mc Namara Prentice Hall, 12th Edition, 2014, ISBN-10: 0132992914.
References:	Principles of Risk Management & Insurance George E. Rejda and Michael Mc Namara Prentice Hall, 12th Edition, 2014, ISBN-10: 0132992914.

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3
Program Outcomes
1) Banking and define concepts related to the insurance profession. Banking and express numerical methods on insurance.
2) Banking and insurance companies is to apply numerical methods for using the necessary computer programs.
3) They can use a foreign language in oral and written communication and technology.
4) Banking and insurance companies is to use theoretical and practical knowledge about learning. Continuously monitors technological developments related to the field.
5) Data on the banking and insurance sectors can analyze and interpret. Followed by banking and insurance also related disciplines. They can offer suggestions to the sector's problems.
6) Banking prepare and execute the insurance-related projects.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Banking and define concepts related to the insurance profession. Banking and express numerical methods on insurance.
2)	Banking and insurance companies is to apply numerical methods for using the necessary computer programs.
3)	They can use a foreign language in oral and written communication and technology.
4)	Banking and insurance companies is to use theoretical and practical knowledge about learning. Continuously monitors technological developments related to the field.
5)	Data on the banking and insurance sectors can analyze and interpret. Followed by banking and insurance also related disciplines. They can offer suggestions to the sector's problems.
6)	Banking prepare and execute the insurance-related projects.

Learning Activity and Teaching Methods

Expression
Lesson
Group study and homework
Homework

Assessment & Grading Methods and Criteria

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

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Attendance	1	% 20
Presentation	1	% 30
Final	1	% 50
total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	16	48
Study Hours Out of Class	16	64
Project	1	12
Homework Assignments	4	8
Quizzes	4	8
Midterms	1	15
Final	1	22
Total Workload		177