Information Package / Course Catalogue
Insurance Institutions and Risk Management
Course Code: ISL425
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

Risk and insurance concepts, to introduce basic concepts used in the insurance business and insurance history. General principles and structure of insurance, types of insurance, the insurance contracts. The current structure and status of Turkish and international insurance operations. Manufacturing, marketing, damages, compensation and provision, reinsurance and alternative risk transfer methods for insurance. The importance of the insurance business, current trends and problems encountered in today's Turkish and the global insurance operations.

Course Content

The importance of risk management, measurement of risk, measurement and management of market risk, value at risk, Basel II, the lessons learnt from experienced financial bankruptcy, risk management in capital markets, hedging techniques, grading risk-return-based investment funds, insurance concept, the insurance operations, development of insurance industry in Turkey and in the world.

Name of Lecturer(s)
Learning Outcomes
1.Explains the basic principles of insurance.
2.Defines insurance types and their coverage.
3.Analyzes the risk assessment process.
4.Explains policy design and pricing processes.
5.Evaluates the reinsurance system.
6.Applies claims management in insurance companies.
Recommended or Required Reading
1.Risk Yönetimi ve Sigorta, Mahir Çipil
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to Insurance and Risk Management Course
Week 2 - Theoretical
Time Value of Money: Future Value and Future Value Concepts Annuities
Week 3 - Theoretical
Risk Management
Week 4 - Theoretical
Fundamentals of Insurance
Week 5 - Theoretical
Types of Insurance
Week 6 - Theoretical
Reinsurance
Week 7 - Theoretical
Structure of insurance companies
Week 8 - Theoretical
Structure of insurance companies
Week 9 - Theoretical
Insurance Audit
Week 10 - Theoretical
Insurance Tax
Week 11 - Theoretical
World Insurance
Week 12 - Theoretical
Insurance in Turkey
Week 13 - Theoretical
Alternative Risk Transfer
Week 14 - Theoretical
Problem Solving
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination125126
Final Examination128129
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
OÇ-1
4
4
3
2
3
2
3
3
2
3
OÇ-2
4
4
3
2
3
2
2
3
2
2
OÇ-3
4
4
4
3
4
2
2
4
3
3
OÇ-4
4
4
4
3
4
3
2
4
3
3
OÇ-5
4
4
4
3
4
3
2
4
3
3
OÇ-6
4
4
4
3
4
3
3
4
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026