| TYPE OF COURSE UNIT | Compulsory Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | 3 |
| SEMESTER | Sixth Term (Spring) |
| NUMBER OF ECTS CREDITS ALLOCATED | 5 |
| NAME OF LECTURER(S) | Assistant Professor Sinem Kozpınar
|
| LEARNING OUTCOMES OF THE COURSE UNIT |
At the end of this course, the students;
1) Comprehend and calculate the claim frequency, claim size and risk premium.
2) Calculate and apply average claim amount and the rule of eight.
3) Calculate the insurance company provision with the analysis of paid claim and premium income way.
4) Calculate insurance hypothesis testing, point estimation and risk factors.
5) Apply multiple product risk factor model, and calculate its rate methods and credibility.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | Probability Theory |
| COURSE DEFINITION | This course gives the basic definitions in mathematics and statistics; insurance and risk concepts; technical operations in insurance; risk premium and exposure; reserves; incurred but not reported claim reserves; claim size and frequency; claim settlement; credibility theory. |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | Mathematical and statistical preliminaries, premium, risk premium, claim, frequency rate, etc. | | 2nd Week | Claim frequency rate | | 3rd Week | Exposure to risk | | 4th Week | Risk premium | | 5th Week | Claim size | | 6th Week | Average compensation for claims and rule of eight | | 7th Week | Exercises about rule of eight | | 8th Week | Midterm | | 9th Week | Profitability of insurance company with the way of premium income and analysis of paid claims | | 10th Week | Exercises about premium income and analysis of paid claims | | 11th Week | Hypothesis testing, point estimation | | 12th Week | Risk factors in insurance | | 13th Week | Multiple production of risk factor model | | 14th Week | Method of rate and credibility |
|
| RECOMENDED OR REQUIRED READING | Yrd. Doç Dr. Şeref Hoşgör, Sigorta İstatistiği ders notları, 2013 |
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Questions/Answers |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 35 | | Assignment | 1 | 20 | | Total(%) | | 55 | | Contribution of In-term Studies to Overall Grade(%) | | 55 | | Contribution of Final Examination to Overall Grade(%) | | 45 | | 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 | 35 | 35 | | Course hours | 13 | 3 | 39 | | Preparation for Midterm exam | 1 | 20 | 20 | | Laboratory (including preparation) | | | | | Final exam | 1 | 1 | 1 | | Homework | 1 | 10 | 10 | | Total Workload | | | 148 |
|---|
| Total Workload / 30 | | | 4,93 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
