Course aims:

to provide the students with the knowledge fund for creating the abilities to use in specific economic situations the language and tools specific to the field of insurance and reinsurance
to familiarize the students with the main categories and types of insurance;
to develop the students' ability to analyze the differentiation elements of insurance products;
The ability to analyze an insurance contract and calculate the insurance premium and the compensation due in case of insurance of goods, persons and civil liability;
The ability to decide on the opportunity of obtaining an insurance

Course Entry Requirements:

-

Course contents:

1. Theoretical and methodological framework of insurance 2. Technical elements of insurance. Classification of insurances 3. Insurance contract 4. Insurance of goods 5. Insurance against civil liability 6. Road transport insurance 7. Third party liability insurance 8. Insurance against financial risks 9. Life insurance 10. Reinsurance

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

• the student should demonstrate a strong basic understanding of property, liability, automobile insurance, introduction to reinsurance, • Understanding of reinsurance, methods and types of reinsurance, and functions of reinsurance • Awareness of pre-contract negotiations and the documentation that is required to enter into a insurance contract.

Learning outcomes verification and assessment criteria:

Written exam – 60%; verification during semester – 40%.

Recommended reading:

Jack Hungelmann, Insurance For Dummies®, 2nd Edition, Wiley Publishing, Inc., Indianapolis, Indiana, 2009,
xxx, Insurance Handbook A guide to insurance: what it does and how it works, Insurance Information Institute, New York, 2010,
ãnuleţiu Adina Elena, Dãnuletiu Dan Constantin, Analysis of the Recent Evolutions of the Romanian Motor Insurance Market Ovidius University Annals, Economic Sciences Series, vol. 0(2), pages 317-32, Ovidius University Annals, Economic Sciences Series, vol. 0(2), Constanta, 2011.,