Insurance in international business
Course: International business (compulsory study of two foreign languages)
Structural unit: Educational and scientific institute of international relations
            Title
        
        
            Insurance in international business
        
    
            Code
        
        
            ВБ 4.08.01 
        
    
            Module type 
        
        
            Вибіркова дисципліна для ОП
        
    
            Educational cycle
        
        
            First
        
    
            Year of study when the component is delivered
        
        
            2021/2022
        
    
            Semester/trimester when the component is delivered
        
        
            7 Semester
        
    
            Number of ECTS credits allocated
        
        
            3
        
    
            Learning outcomes
        
        
            Know: categorical-conceptual apparatus of insurance (risk, insurance risk, risk financing. Insurance premium, insurance indemnity, etc.); main features of insurance as a scenario of risk management with risk financing from the insurance fund; functional structure of the insurance market; trends in the development of insurance markets of leading economies and the insurance market of Ukraine, the specifics of state supervision and regulation of insurance activities in Ukraine and leading economies. Be able to: determine the risk profile of the corporation and understand the content of the insurance contract and its structural parts, be able to analyze the insurer's portfolio from the standpoint of the need for international reinsurance; assess the needs for export credit insurance and guarantees in Export Credit Agencies. 
        
    
            Form of study
        
        
            Distance form
        
    
            Prerequisites and co-requisites
        
        
            1. Knowledge of essentials  of economic theory and international economic relations;
2. Knowledge of corporate practices of risk management in cross-border business processes;
2. Understanding of export-import contract practices in international transactions and unified requirements for settlement conditions under international contracts;
4. Professional economic terminology in English.
        
    
            Course content
        
        
            Content module 1. "Financial and economic essence of insurance"
1. Introduction to the course "Insurance in International Business". The economic essence of insurance.
2. Insurance market, its structure and participants State regulation of insurance activities in Ukraine
3. Financial and economic content of the insurance contract
        Modular test work
Content module 2. "Specifics of insurance in international business"
4. Cargo insurance in the implementation of export-import operations
5. Insurance of political risks and country risks
6. Insurance of export credits and investments
7. Reinsurance
        Modular test work 2
        
    
            Recommended or required reading and other learning resources/tools
        
        
            1.Расшивалов Д.П. Ризик менеджмент у міжнародному бізнесі. Навчальний посібник. Київ: ВАДЕКС, 2018. , с 220 с. , розділ 2 .
2.Страхування : підручник /   [Базилевич В. Д., Базилевич К. С., Пікус Р. В. та ін. ]  за ред. В. Д. Базилевича. – К. : Знання, 2008. – 1019 с.  
3.Расшивалов Д.П. Новітні інтеграційні процеси на світовому страховому ринку. Розвиток новітніх форм міжнародної економічної інтеграції на початку 21 століття: монографія (О.І. Шнирков, Київ: ВПЦ «Київський університет», 2017. 360 с. 
4.Расшивалов Д.П. Глобальне ризикове довкілля та світовий страховий ринок. Ювілейна монографія кафедри Міжнародного бізнесу: монографія (ПІБ, ПІБ, ПІБ, ПІБ та ін.). Актуальні проблеми міжнародних відносин: Спеціальний випуск: «Міжнародний бізнес. 25-річчю заснування кафедри міжнародного бізнесу. Київ: ВАДЕКС, 2016. 320 с.
5.The Global Risks Report 2021 WEF Davos 2021 [Електрон. ресурс] — Режим доступу: https://www.weforum.org/reports/the-global-risks-report-2021.
        
    
            Planned learning activities and teaching methods
        
        
            Lectures, seminars
        
    
            Assessment methods and criteria
        
        
            The result of the semester test is evaluated in points (maximum number - 100 points) and is determined by the accumulative system.
  Current control: verbal answers (up to 5 points), additions (up to 3 points), written task  (up to 12 points)
        
    
            Language of instruction
        
        
            Ukrainian
        
    Lecturers
This discipline is taught by the following teachers
                    Chair of International Business 
Educational and scientific institute of international relations
            Educational and scientific institute of international relations
Departments
The following departments are involved in teaching the above discipline
                        Chair of International Business
                    
                    
                        Educational and scientific institute of international relations