| 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) Acquire theoretical knowledge about ART markets and practice of ART systems.
2) Learn about Captives.
3) Gain information about the practical functioning of catastrophic bonds and catastrophic swaps.
4) Gain information about the practical functioning of weather derivatives.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | None |
| COURSE DEFINITION | In this course, Alternative Risk Transfer Markets and Classification, risk bearers in this market, ART methods will be discussed. In addition, Capital Market Transactions and Securitization will be mentioned. The structure of Catastrophic Bonds, Catastrophic Swaps and Weather Derivative instruments as well as their applications will be explained. |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | Turkey and the world insurance market and risk management | | 2nd Week | Traditional Methods and Alternative Methods in Risk Management | | 3rd Week | Alternative Risk Transfer (ART) Systems | | 4th Week | Alternative Risk Transfer Markets and Classification | | 5th Week | Risk Carriers in the ART Market | | 6th Week | ART Methods | | 7th Week | Captives and Its Applications | | 8th Week | Midterm | | 9th Week | Capital Market Transactions and Securitization | | 10th Week | What is Catastrophic Risk? | | 11th Week | Catastrophic Bonds and Its Applications | | 12th Week | Catastrophic Swaps and Its Applications | | 13th Week | Weather Derivatives and Its Applications | | 14th Week | Review |
|
| RECOMENDED OR REQUIRED READING | KAYA, H. C. (2021). Sigortacılıkta Uygulanan Alternatif Risk Transfer Sistemleri Üzerine Bir İnceleme (Doctoral dissertation).
Sarıoğuz, S. (2007). Sigorta sektöründe risk yönetimi, alternatif risk transfer yöntemleri, şirketler için bir öneri: Hava durumu opsiyonları. Yayınlanmamış Yüksek Lisans Tezi, İstanbul Üniversitesi SBE.
Öztürk, A. (2019). Alternatif Finansman aracı Olarak Afet Tahvilleri (Doctoral dissertation, Marmara Universitesi (Turkey)).
Dask Faaliyet Raporları
Reasürör Dergisi sayı 59.
|
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 30 | | Assignment | 2 | 20 | | Total(%) | | 50 | | Contribution of In-term Studies to Overall Grade(%) | | 50 | | Contribution of Final Examination to Overall Grade(%) | | 50 | | Total(%) | | 100 |
|
| ECTS WORKLOAD |
| Activities |
Number |
Hours |
Workload |
| Midterm exam | 1 | 1 | 1 | | Preparation for Quiz | | | | | Individual or group work | 14 | 3 | 42 | | Preparation for Final exam | 1 | 40 | 40 | | Course hours | 13 | 3 | 39 | | Preparation for Midterm exam | 1 | 20 | 20 | | Laboratory (including preparation) | | | | | Final exam | 1 | 1 | 1 | | Homework | 2 | 5 | 10 | | Total Workload | | | 153 |
|---|
| Total Workload / 30 | | | 5,1 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
