Insurance Basics

obligatory courses

(in Polish) Podstawy matematyki, mikroekonomia, podstawy finansów.

The classes will present principles regarding the essence and purpose of insurance, the differences between social and economic insurance, and the principles of conducting insurance business.

The aim of the course is to explain a number of issues and processes taking place in business insurance. The aim of the lecture is also to explain the concept of risk, insurance risk and the entire risk management process (from its identification to verification of the methods used), with particular emphasis on the use of the insurance method. The subject will also be devoted to discussing and explaining basic insurance terminology. During the classes, the issue of insurance contracts will be in-depth, especially the parties to the contract, its features, conclusion and execution. More important provisions of basic insurance regulations in Poland will also be presented, in particular the Act on Insurance Activity and the Act on Compulsory Insurance, the Insurance Guarantee Fund and the Polish Motor Insurers' Office. The basic institutions operating on the Polish insurance market will also be presented: the Polish Financial Supervision Authority, the Polish Chamber of Insurance, the Insured Ombudsman, the Insurance Guarantee Fund and the Polish Motor Insurers' Office. The basic insurance products of sections I and II will be discussed. There will also be an analysis of the main trends and indicators illustrating the state of development and the current situation on the Polish and Community insurance market.

Basic literature:

Ubezpieczenia gospodarcze i społeczne, red. E. Kucka, UWM, Olsztyn 2009;

Instytucje i usługi finansowe, red. F. Grzegorczyk i M. Szaraniec, LexisNexis, Warszawa 2010;

Prawo ubezpieczeń gospodarczych, E. Kowalewski i inni ,OW Branta, Bydgoszcz-Toruń 2006;

Podstawy ubezpieczeń, tom I-III, red. J. Monkiewicz, Poltext, 2005.

Additional literature:

Ubezpieczenia gospodarcze wobec wyzwań globalizacji rynków finansowych. Historia i perspektywy rozwoju”: red. T. Michalski, SGH, Warszawa 2007;

Ubezpieczenia red. W. Sułkowska, Wydawnictwo AE w Krakowie; Kraków 2007;

Ubezpieczenia wobec wyzwań XXI wieku, red. W. Ronka-Chmielowiec, Wyd. AE im. Oskara Langego we Wrocławiu, Wrocław 2008.

Student after completing the course:

in terms of knowledge:

• Knows and understands the terminology and basic theoretical models in the financial system of the economy (K_W01)

• Knows and understands at an advanced level the principles, procedures and practices relating to entities and the financial system of the economy (K_W02)

• Knows and understands at an advanced level economic theories and models regarding the functioning of entities and the financial system of the economy (K_W03)

• Knows and understands technological, social, political, legal, economic and ecological processes and phenomena and their impact on financial decisions in organizations, the functioning of the organization and the entire economy (K_W05)

in terms of skills:

• Is able to use the theory of the financial system of the economy to recognize, diagnose and solve problems related to key functions in the organization (K_U01)

• Is able to correctly interpret technological, social, political, legal, economic and ecological processes and phenomena and their impact on the functioning of the organization (K_U02)

• Is able to independently and collectively prepare analyses, diagnoses and reports on the functioning of entities and the entire economy and present them communicatively, using IT and communication tools (K_U03)

• Is able to plan and organize own and team work (K_U05)

• Has the ability to self-educate and improve acquired qualifications (K_U06)

in terms of basics:

• Is ready to assess and critically approach situations and phenomena related to the functioning of the organization, sector and the entire economy (K_K01)

• Is ready to comply with professional ethical standards (K_K03)

Lecture:

Learning outcomes will be verified on an ongoing basis through tasks performed by participants during classes and at the end during the assessment and exam.

Final written exam (various forms of instructions possible, including closed single- and multiple-choice test questions, tasks, definitions, open questions)

Exercises:

Learning outcomes will be verified on an ongoing basis during work during classes, including discussions, speeches, individual and team work and homework, as well as at the end of classes during the final colloquium.

Final written exam stationary or on the e-Nauka portal (various forms of instructions possible, including closed single- and multiple-choice test questions, tasks, definitions, open questions)

Lecture:

Written exam, stationary or on the e-Nauka portal (100% grade) - various forms of orders possible, including: closed single- and multiple-choice test questions, tasks, definitions, open questions

60% correct answers required.

In individual cases, an oral examination is possible.

Exercises:

The final grade depends on students' involvement in class work, including team and individual tasks, and on the result of the final test.

Final test – written, stationary or on the e-Nauka portal. Various forms of questions possible: open, test, closed, single- and multiple-choice, tasks.