TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	-
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Learn high comprehension on loss and indemnity applications in insurance and reinsurance businesses 2) Learn Profit and Loss Balance in insurance activities and the effects of loss implementation on this balance 3) Learn the determination of loss impact on tariffs and underwritings 4) Learn importance of technical reserves and Outstanding Loss Reserves and IBN Reserves applications 5) Learn evaluation of efficient loss procedures and its effect on profit 6) Use Loss Estimations Methods 7) Learn high comprehension on Loss Fraud and AML in insurance operations
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	This course is designed to prepare students for the insurance sector by focusing on claims, claim settlement, claim applications by insurance branches.
COURSE CONTENTS	WEEK TOPICS 1st Week General Concepts on Loss &Indemnity Processes in Insurance and Fundementals in Legislation 2nd Week General Concepts on Loss &Indemnity Processes in Insurance and Fundementals in Legislation 3rd Week Loss&Indemnity Payments Process in Insurance Companies 4th Week Loss&Indemnity Payments Process in Insurance Companies 5th Week Criteria on the Determination of Claims Amount and The Payment Procedure 6th Week Criteria on the Determination of Claims Amount and The Payment Procedure 7th Week Loss Payment Transactions in Insurance Accounting 8th Week Midterm 9th Week Subrogation and Salvage Transactions in Insurance operations 10th Week Outstanding Losses, IBNR and Other Technial Provisions related to Claims 11th Week Claims Analysis in Insurance Companies 12th Week The Evaluation of Claims Profile for Turkish Insurance Market 13th Week Information on Resolving Claims Disputes, Ombudsman Institution 14th Week Recap
RECOMENDED OR REQUIRED READING	Sigorta Sigortacılıkla ilgili Mevzuat AB Sigortacılıkla ilgili Direktifleri Robert Hogg, Stuart Klugman, Loss Distribution M. Goovaerts, Insurance and Risk Theory Prof. Dr. Kamuran PEKİNER, Sigorta İşletmeciliği Prof. Dr. Yaşar KARAYALÇIN, Risk, Sigorta-Risk Yönetimi Cengiz AKATLI, Yangına Karşı Sigorta ve Yangın Reasuransı Mark S. DORFMAN,Risk managenement and Insurance Birds, John, Modern Insurance Law Smith, T.R. and H.W. Francis, Fire Insurance: Theory and Practice
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion,Project
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 30 Assignment 1 10 Quiz 1 10 Attendance 1 10 Total(%) 60 Contribution of In-term Studies to Overall Grade(%) 60 Contribution of Final Examination to Overall Grade(%) 40 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 3 3 Preparation for Quiz 2 3 6 Individual or group work 14 3 42 Preparation for Final exam 1 30 30 Course hours 14 3 42 Preparation for Midterm exam 1 20 20 Laboratory (including preparation) Final exam 1 3 3 Homework 1 3 3 Total Workload 149 Total Workload / 30 4,96 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No