Insurance and Social Security
Course Details
KTO KARATAY UNIVERSITY
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Insurance and Social Security
Course Details
İktisadi, İdari ve Sosyal Bilimler Fakültesi
Programme of Insurance and Social Security
Course Details
| Course Code | Course Name | Year | Period | Semester | T+A+L | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| 01060004 | Reinsurance | 2025 | Spring | 6 | 3+0+0 | 5 | 5 |
| Course Type | Compulsory |
| Course Cycle | Bachelor's (First Cycle) (TQF-HE: Level 6 / QF-EHEA: Level 1 / EQF-LLL: Level 6) |
| Course Language | Turkish |
| Methods and Techniques | Lecturing, question and answer, discussion, numerical application examples, examination of reinsurance treaties and contract structures, in-class exercises on pricing and commission calculations, analysis of sample reinsurance programmes, and evaluation through current sector reports and international reinsurance market examples. |
| Mode of Delivery | Face to Face |
| Prerequisites | None. |
| Coordinator | - |
| Instructor(s) | Dr. Res. Asst. Abdullah Buğra SOYLU |
| Instructor Assistant(s) | - |
Course Instructor(s)
| Name and Surname | Room | E-Mail Address | Internal | Meeting Hours |
|---|---|---|---|---|
| Dr. Res. Asst. Abdullah Buğra SOYLU | C-104 | [email protected] | 7803 | Wednesday 10:00-12:00 |
Course Content
This course covers the definition, parties and basic concepts of reinsurance; the historical development and functions of reinsurance; the role of reinsurance in capital adequacy, risk management, capacity enhancement and smoothing claims volatility for insurance companies; facultative reinsurance; treaty reinsurance contracts; proportional reinsurance treaties; quota share reinsurance; surplus reinsurance; pricing and commission practices in quota share and surplus treaties; non-proportional reinsurance treaties; excess of loss, aggregate excess of loss and stop-loss reinsurance structures; reinsurance pools; retrocession; global reinsurance practices; financial reinsurance; alternative risk transfer methods; and the preparation of a sample reinsurance programme.
Objectives of the Course
The aim of this course is to enable students to understand the role, functions and importance of reinsurance within the insurance system; to learn facultative and treaty reinsurance contracts, proportional and non-proportional reinsurance structures, and the technical characteristics of quota share, surplus, excess of loss, aggregate excess of loss and stop-loss reinsurance treaties; to evaluate reinsurance pricing, reinsurance commission, net retention, capacity management, retrocession, reinsurance pools, financial reinsurance and alternative risk transfer methods; and to understand the logic of designing a basic reinsurance programme appropriate to the risk profile of an insurance company.
Contribution of the Course to Field Teaching
| Basic Vocational Courses | |
| Specialization / Field Courses | X |
| Support Courses | |
| Transferable Skills Courses | |
| Humanities, Communication and Management Skills Courses |
Relationships between Course Learning Outcomes and Program Outcomes
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Program Learning Outcomes | Level |
|---|---|---|
| P1 | To master the main theories and terminology of Insurance and Social Security, and to learn the legal and legislative aspects of the field at a level to apply them, | 5 |
| P4 | To be able to analyze the strategic, tactical and operational processes of institutions and businesses in the field of Insurance and Social Security; to have the knowledge and skills to interpret and report sector data at national and international level and to assume managerial responsibility in this field, | 5 |
Course Learning Outcomes
| Upon the successful completion of this course, students will be able to: | |||
|---|---|---|---|
| No | Learning Outcomes | Outcome Relationship | Measurement Method ** |
| O1 | P.1.2 | 1 | |
| O2 | P.1.6 | 1 | |
| O3 | P.4.1 | 1 | |
| O4 | P.4.2 | 1 | |
| O5 | P.4.3 | 1 | |
| O6 | P.4.4 | 1 | |
| ** Written Exam: 1, Oral Exam: 2, Homework: 3, Lab./Exam: 4, Seminar/Presentation: 5, Term Paper: 6, Application: 7 | |||
Weekly Detailed Course Contents
| Week | Topics |
|---|---|
| 1 | Definition, Parties and Basic Concepts of Reinsurance |
| 2 | Historical Development, Functions and Importance of Reinsurance for Insurance Companies |
| 3 | Facultative Reinsurance |
| 4 | Treaty Reinsurance Contracts |
| 5 | Proportional Reinsurance Treaty, Quota Share Reinsurance |
| 6 | Pricing and Commissions in Quota Share Reinsurance Treaty |
| 7 | Surplus Reinsurance Treaty |
| 8 | Pricing and Commissions on Surplus Reinsurance Treaty |
| 9 | Excess of Loss Reinsurance Treaty |
| 10 | Pricing and Commissions on Excess of Loss Treaty |
| 11 | Aggregate Excess of Loss and Stop-Loss Treaty |
| 12 | Reinsurance Pools |
| 13 | Financial Reinsurance and Alternative Risk Transfer Methods |
| 14 | Preparation of a Reinsurance Programme and Sample Programme Analysis |
Textbook or Material
| Resources | Kırkbeşoğlu, E. (Ed.). (2015). Risk Management and Insurance. Ankara: Gazi Publishing. |
| Swiss Re Institute. (Güncel). Sigma Reports and Reinsurance Market Publications. | |
| Munich Re. (Güncel). Topics, Reinsurance Market Reports and NatCatSERVICE Publications. |
Evaluation Method and Passing Criteria
| In-Term Studies | Quantity | Percentage |
|---|---|---|
| Attendance | - | - |
| Practice | - | - |
| Field Study | - | - |
| Course Specific Internship (If Any) | - | - |
| Homework | - | - |
| Presentation | - | - |
| Projects | - | - |
| Seminar | - | - |
| Quiz | - | - |
| Listening | - | - |
| Midterms | 1 | 40 (%) |
| Final Exam | 1 | 60 (%) |
| Total | 100 (%) | |
ECTS / Working Load Table
| Quantity | Duration | Total Work Load | |
|---|---|---|---|
| Course Week Number and Time | 14 | 3 | 42 |
| Out-of-Class Study Time (Pre-study, Library, Reinforcement) | 14 | 4 | 56 |
| Midterms | 1 | 20 | 20 |
| Quiz | 0 | 0 | 0 |
| Homework | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Project | 0 | 0 | 0 |
| Workshop | 0 | 0 | 0 |
| Presentation/Seminar Preparation | 0 | 0 | 0 |
| Fieldwork | 0 | 0 | 0 |
| Final Exam | 1 | 32 | 32 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 150 | ||
| Total Work Load / 30 | 5 | ||
| Course ECTS Credits: | 5 | ||
Course - Learning Outcomes Matrix
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Learning Outcomes | P1 | P4 |
|---|---|---|---|
| O1 | Özel ve kamu sigortalarının terminolojisine hakim olma | 5 | 2 |
| O2 | Hukuki ve yasala düzenlemelerin kavranması ve uygulama açısından değerlendirilmesi | 5 | 4 |
| O3 | Sigorta kapsamında kurulan işletmelerin stratejik amaçlarını, genel işleyişini ve operasyonel boyutlarını kavrama | 2 | 5 |
| O4 | Sigorta işletmelerinin çalışmalarını uluslararası düzeyde analiz edebilecek donanıma sahip olma | 2 | 5 |
| O5 | Her türlü raporlama ve planlama faaliyetlerinin özümsenmesi | 2 | 5 |
| O6 | Alanına ilişkin uzmanlık yapacak bilgi ve yetenek düzeyine sahip olma | 3 | 5 |