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 |
|---|---|---|---|---|---|---|---|
| 01081002 | Portfolio Management in Insurance | 2025 | Spring | 8 | 3+0+0 | 4 | 4 |
| Course Type | Elective |
| 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, data table review, Excel applications, line-of-business portfolio analysis, agency/broker portfolio examples, scenario analysis and case evaluation. |
| 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 concept of portfolio management in insurance, the risk-return relationship, diversification, concentration risk, modern portfolio theory, line-of-business and risk portfolios in insurance companies, premium production, loss ratio, technical profitability, line-of-business growth and volatility indicators, underwriting and portfolio quality, the role of reinsurance in portfolio management, agency and broker portfolios, customer segmentation, product mix, renewal ratio, cross-selling, commission income, portfolio efficiency, basic portfolio analysis with Excel, line-of-business portfolio optimisation, scenario analysis and sample insurance portfolio evaluations.
Objectives of the Course
The aim of this course is to enable students to apply the basic concepts of portfolio management theory to insurance and to analyse insurance companies'portfolios in terms of lines of business, risks, customers and regions, as well as agencies'and brokers'portfolios in terms of customers, products, renewals, sales and commission income.
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, | 3 |
| P2 | Ability to identify, define and solve problems that may arise in the fields of Insurance and Social Security; use, evaluate and apply appropriate qualitative and quantitative techniques for solution-oriented decisions, | 4 |
| 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 | To be able to master the general situation of insurance enterprises according to their market shares and activity distribution | P.2.3 | 1 |
| O3 | P.4.2 | 1 | |
| O4 | P.4.3 | 1 | |
| O5 | 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 | Introduction to Portfolio Management in Insurance: Concept, Scope and Basic Approaches |
| 2 | Risk, Return, Diversification and Concentration Risk |
| 3 | Modern Portfolio Theory: Markowitz Approach, Correlation and Efficient Frontier |
| 4 | Portfolio Structure in Insurance Companies: Line of Business, Risk, Customer and Regional Distribution |
| 5 | Premium Production, Loss Ratio and Technical Profitability in Insurance Portfolios |
| 6 | Line-of-Business Portfolio Analysis: Growth, Volatility and Profitability Indicators |
| 7 | Risk Selection, Underwriting and Portfolio Quality in Insurance Portfolios |
| 8 | The Role of Reinsurance in Portfolio Management: Risk Transfer, Capacity and Net Retention |
| 9 | Customer Portfolio Management from the Agency and Broker Perspective |
| 10 | Product Mix, Renewal Ratio, Cross-Selling and Commission Income in Agency Portfolios |
| 11 | Customer Segmentation, Portfolio Efficiency and Portfolio Performance Indicators |
| 12 | Data Use in Insurance Portfolios: Basic Portfolio Analysis with Excel |
| 13 | Line-of-Business Portfolio Optimisation and Scenario Analysis |
| 14 | Sample Insurance Portfolio Evaluation and General Practice |
Textbook or Material
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 | 13 | 3 | 39 |
| Out-of-Class Study Time (Pre-study, Library, Reinforcement) | 13 | 3 | 39 |
| Midterms | 1 | 15 | 15 |
| 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 | 25 | 25 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 118 | ||
| Total Work Load / 30 | 3,93 | ||
| Course ECTS Credits: | 4 | ||
Course - Learning Outcomes Matrix
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Learning Outcomes | P1 | P2 | P4 |
|---|---|---|---|---|
| O1 | Özel ve kamu sigortalarının terminolojisine hakim olma | 5 | 2 | 3 |
| O2 | To be able to master the general situation of insurance enterprises according to their market shares and activity distribution | 2 | 5 | 4 |
| O3 | Sigorta işletmelerinin çalışmalarını uluslararası düzeyde analiz edebilecek donanıma sahip olma | 2 | 3 | 5 |
| O4 | Her türlü raporlama ve planlama faaliyetlerinin özümsenmesi | 2 | 4 | 5 |
| O5 | Alanına ilişkin uzmanlık yapacak bilgi ve yetenek düzeyine sahip olma | 3 | 3 | 5 |