International Insurance Market

Major: Finance, Banking and Insurance
Code of subject: 6.072.00.M.040
Credits: 6.00
Department: Finance
Lecturer: PhD, Lashchyk Iryna
Semester: 6 семестр
Mode of study: денна
Мета вивчення дисципліни: The acquisition of basic theoretical knowledge by students on the theory and practice of the work of insurance companies regarding the provision of the needs of legal entities and citizens in insurance services, the formation of theoretical and practical knowledge on the order and procedure of concluding insurance agreements on the main types of personal, property insurance, liability insurance, determining the amount of insurance premiums and insurance indemnity, understanding the general patterns of development of the modern domestic and foreign insurance market, as well as its connection with other sectors of the financial market. The learning outcomes are the acquisition of skills and abilities to organize activities in the field of insurance.
Завдання: The study of the academic discipline involves the formation and development of students' ability to solve practical problems in the field of insurance during professional activity or in the process of learning, which involves the application of theories and methods of insurance and is characterized by complexity and uncertainty, and the formation of such competencies: integral: the ability to solve complex specialized tasks and practical problems in the course of professional activity in the field of finance, banking and insurance or/also in the learning process, which involves the application of certain methods and provisions of financial science and is characterized by the uncertainty of conditions and the need to take into account the complex requirements of the implementation of professional and educational activity. general: ZK 02. Ability to apply knowledge in practical situations. ZK 10. Ability to work in a team. ZK 11. Ability to communicate with representatives of other professions of groups of different levels (with experts from other fields of knowledge/types of economic activity). professional: THROUGH Ability to diagnose the state of financial systems (state finances, including budget and tax systems, finances of business entities, household finances, financial markets, banking system and insurance). SK04. Ability to apply economic and mathematical methods and models to solve financial problems. SK06. Ability to use modern information and software for obtaining and processing data in the field of finance, banking and insurance. SK08. Ability to perform control functions in the field of finance, banking and insurance. SK13. Ability to establish effective financial relations and long-term cooperation with consumers, financial intermediaries, investors, financial and credit institutions, insurance companies, using regulatory documents based on contract law.
Learning outcomes: PR01 (know and understand economic categories, laws, causal and functional relationships that exist between processes and phenomena at different levels of economic systems). PR 02 (know and understand the theoretical foundations and principles of financial science, features of the functioning of financial systems) PR03 (determine the peculiarities of the functioning of modern global and national financial systems and their structure) PR05 (to have a methodical toolkit for diagnosing the state of financial systems (state finances, including budget and tax systems, finances of economic entities, household finances, financial markets, banking system and insurance) PR06 (apply appropriate economic and mathematical methods and models for solving financial problems) PR07 (to understand the principles, methods and tools of state and market regulation of activities in the field of finance, banking and insurance) PR11 (possess methodical tools for the implementation of control functions in the field of finance, banking and insurance) PR16 (apply acquired theoretical knowledge to solve practical tasks and meaningfully interpret the obtained results). Teaching and learning methods: Lectures, practical classes - information-receptive method, reproductive method, heuristic method, problem statement method, independent work - reproductive method, research method Methods of assessing the level of achievement of learning outcomes: Current control: oral survey; performances at practical classes, testing, assessment of activity, performance of research tasks, etc.
Required prior and related subjects: Details: Finance, Insurance Co-requisites: -
Summary of the subject: The discipline is aimed at providing students with theoretical knowledge and practical skills for concluding and conducting insurance contracts for life and pension insurance, accident insurance, medical insurance, business risk insurance, agricultural insurance, technical, financial and credit risk insurance, motor vehicle, marine, aviation insurance insurance, as well as property and liability insurance of citizens in Ukraine and abroad.
Опис: 1. Theoretical aspects of the domestic and international insurance market. 2. Organizational and legal aspects of insurance activities in Ukraine and abroad. 3. Domestic and foreign experience of state regulation of insurance activities. 4. Insurance market participants. 5. Theoretical principles of reinsurance: domestic and foreign experience. 6. Personal insurance: domestic and foreign experience. 7. Domestic and foreign experience of property insurance. 8. Domestic and foreign experience of liability insurance.
Assessment methods and criteria: Written and oral final control, computer testing, defense of control papers and research tasks. When working remotely, an interview with students is expected during video conferences during lectures and practical classes. Individual and control papers are forwarded to the National Academy of Sciences, or to the lecturer's e-mail via the communication channel Remote classes are held on the MS Teams and ZOOM platforms.
Критерії оцінювання результатів навчання: Full-time study (total: 100 points), of which: Presentations at practical classes - 10. Solving problems - 10. Testing - 10. Oral survey - 10. Control work - 30. Written test 30. Assessment of the knowledge of students is based on the performance of tasks within practical classes (current control). Current control (PC): DFN: Control work. The control work is an admission to credit in the discipline "International insurance market" and its completion is mandatory. The test work will be evaluated for 30 points, which is a component of the points allocated for the current control of the students' work. These points will be distributed as follows: 0-5 points - timeliness of the test work in accordance with the deadlines set by the teacher; 0-5 points – compliance with the requirements for the registration of the control work; 0-20 points – the essence and completeness of coverage of the research topic. Presentations at practical classes. If the winner revealed the topic of the report that he prepared for the practical session, gave answers to additional questions, he receives 5 points, if there were minor flaws in the report - 4 points, if he did not manage to answer all the questions - 3 points, if there are significant flaws in the report and answers to questions - 2 points, if the topic of the report was partially disclosed and additional questions were not answered - 1 point. Each winner must make at least 1 such report per semester. Poll. The survey is based on the lecture material. During the semester, each applicant must be interviewed at least 5 times and given 0-2 points according to his answers to the questions: 2 - all answers are correct, 1 - some answers are correct, others - incorrect or missing, 0 - no answers to any of the teacher's questions . Solving problems. Obtaining points for solving problems assumes that the learner takes a direct part in this process during the practical session: he dictates the formula, explains the input data and the subsequent course of solving the problem, performs calculations, answers the teacher's questions. Depending on the difficulty of the task and the amount of work performed, the teacher evaluates the candidate's answer at 2-5 points - in total, the candidate can receive no more than 10 points per semester, even if he has solved more problems. Testing. The teacher conducts testing in a form convenient for him: independent work, tests in the VNS, tests in a game form (for example, Kahoot !). There should be at least 2 tests per semester. More tests are allowed, but the points assigned to the test should not exceed 10 in total. Written test . The written test takes place in the form of a test (with the use of ANS), contains tasks of two levels of difficulty: 8 questions of the 1st level of difficulty and 16 questions of the 2nd level of difficulty.
Порядок та критерії виставляння балів та оцінок: 100-88 points - grade A ("excellent") is awarded for a high level of knowledge of the educational material of the module contained in the main and additional recommended literary sources. 87–80 points – grade B (“very good”) is awarded for knowledge of the educational material of the module above the average level, the ability to apply theoretical provisions when solving practical problems. 79–71 points – grade C (“good”) is awarded for a generally correct understanding of the learning material of the module, including calculations, reasoned answers to the questions. 70-61 points - grade D ("mediocre") is given for mediocre knowledge of the module's educational material. 60-50 points - grade E ("satisfactory") is given for weak knowledge of the module's educational material, inaccurate or poorly reasoned answers. 49-26 points - the FX rating ("unsatisfactory" with the possibility of retaking the exam or credit) is awarded for not knowing a significant part of the module's educational material. 25-00 points - grade F ("unsatisfactory" with mandatory re-study of the module) is awarded for ignorance of a significant part of the educational material of the module and significant errors in answers.
Recommended books: 1. On insurance: Law of Ukraine dated 01.04.2016. No. 1586- 18 (with amendments and additions) [Electronic resource]. - Mode of access: 2. Insurance services. Textbook. - In part 2 / for ed. VD Bazilevich. - К .: Лотос, 2014. - 496 с. 3. Insurance and reinsurance markets in the era of globalization: a monograph / Kozmenko OV, Kozmenko SM, Vasilieva TA etc. - Sumy: University Book, 2011. - 388 p. 4. Plysa VY P 38 Insurance: Textbook, 2nd type, corrected and supplemented. - К: Каравела, 2019. - 512 с. 5. Zhuravka OS Insurance: textbook / OS Zhuravka, AG Bukhtiarova, OM Pakhnenko. - Sumy: Sumy State University, 2020. - 350 p. 6. Klapkiv Yu.M. Insurance services market: conceptual principles, technical innovations and development prospects: monograph. Ternopil: TNEU, 2020. 568 p. 7. Klapkiv L., Klapkiv Yu., Svirsky V. Financial risks in the activities of insurance companies: theoretical principles, modern realities and pragmatism of management: a monograph. Ivano-Frankivsk: KGMprint, 2020. 183 p. 8. Lashchyk I., Kondrat I., Vibley P., Bilets V. Insurance market of Ukraine: current status and prospects of development // Galician Economic Bulletin. - 2020. - № 5 (66). - P. 105–112. (application date 03.03.2020). 9. Klapkiv Yu., Svirsky V. Problems of functioning of the market of insurance services in the conditions of distribution of COVID - 19. Economics, finance, law. - 2021. - №2. - with. 5-9. (appeal date 23.05.2021). 10. Sosnovskaya OO Insurance: a textbook / О.О. Sosnowska. - Kyiv: Kyiv. Univ. B. Hrinchenko, 2021. - 328 p. 11. Problems of insurance development in Ukraine: Scientific student collection. Issue 3. / For general ed. Prof. V. Y. Plysi - Lviv: Ivan Franko National University, 2022. - 174 p.
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