Insurance in international business
Course: International Business, Commerce And Finance
Structural unit: Educational and scientific institute of international relations
Title
Insurance in international business
Code
ОК 15
Module type
Обов’язкова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2023/2024
Semester/trimester when the component is delivered
5 Semester
Number of ECTS credits allocated
4
Learning outcomes
Know the specifics of state supervision and regulation of insurance activities in Ukraine and leading economies
Be able to assess the need for insurance of guarantees and warranties in the implementation of foreign economic projects
Ability to communicate on insurance issues with major financial market participants (banks, investment funds, etc.)
Form of study
Prerequisites and co-requisites
1. Knowledge of the basics of economic theory and international economic relations;
2. Understanding the risks arising in of cross-border business processes;
3. Knowledge of the principles of export-import contract practices in international transactions and unified requirements for the terms of payments under international contracts;
4. Business terminology in English.
Course content
Module 1. "Financial and economic essence of insurance"
1. Introduction to the course "Insurance in International Business"
2. The economic essence of insurance.
3. Insurance market, its structure and participants State regulation of insurance activities in Ukraine
4. Financial and economic content of the insurance contract
Test 1
Module 2. "Specifics of insurance in international business"
5. Cargo insurance in the implementation of export-import operations
6. Insurance of political risks and country risks
7. Insurance of export credits and investments
8. Insurance of sureties and guarantees in the foreign economic sphere
9. Reinsurance
Test 2
Recommended or required reading and other learning resources/tools
1. Zweifel P., Eisen R. Insurance Economics ,2012. Open access: https://epdf.pub/insurance-economics.html
2. Rejda George E. Principles of risk management and insurance,2017. Open access: https://epdf.pub/principles-of-risk-management-and-insurance.html
3. Rubin H. W. Dictionary of Insurance Terms, 2018. Open access: https://epdf.pub/dictionary-of-insurance-terms.html
4. Rodney Lester Introduction to the Insurance Industry, WorldBank, 2017. Open access: https://epdf.pub/introduction-to-the-insurance-industry.html
Planned learning activities and teaching methods
Lecture, seminar, test, quizzes, discussion
Assessment methods and criteria
Oral answer: Min: 28 / Max: 42
Test work: Min: 18 / Max: 30
Individual work: Min: 11 / Max: 18
Oral answer: Min: 3 / Max: 10
Total: Min: 60 / Max: 100
Language of instruction
English
Lecturers
This discipline is taught by the following teachers
Departments
The following departments are involved in teaching the above discipline