FIN463 : Re Insurance

Department

Department of Financing and Banking

Academic Program

Bachelor in Finance and banking

Type

Elective

Credits

03

Prerequisite

FIN263

Overview

The course is concerned with providing the student with the general concept of reinsurance and getting acquainted with the legality of its contracts, and getting acquainted with the local and international bodies specialized in reinsurance, and through it he can distinguish between the reinsurance system and the commercial insurance system, and gets acquainted with the most important reinsurance agreements, and the student also acquires general skills and culture in This field through which he gains experience and uses it in public life related to the field of insurance.

Intended learning outcomes

A. Knowledge and understanding:

  • To familiarize the student with the general framework and stages of development for reinsurance.
  • To familiarize the student with the reinsurance system and its importance in the insurance market.
  • How to organize the legal relationship between the parties to the reinsurance process.
  • That the student understands the legal relationship between the insured and the insurer and the relationship of the insurer and the reinsurer.

B. Mental skills:

  • The student develops the ability to distinguish between the insurance risk subject to insurance coverage and the importance of reinsurance to accept this risk.
  • The ability to differentiate between direct insurance companies and reinsurance companies.
  • Learn about the most important reinsurance methods and agreements that do not conflict with the nature of the reinsurance contract.
  • The ability to logically analyze risks and manage them using approved technical methods in the field of reinsurance.

C. Scientific and professional skills:

  • How to deal with covered material losses and methods of treatment in accordance with the general concept of reinsurance on the basis of participation in bearing the loss distribution between the insurer and the reinsurer.
  • Learn about the technical methods used in managing risks covered by reinsurance companies.
  • The ability to discuss with insurance companies some details related to insurance and reinsurance documents that need specialists in the field of insurance.
  • The ability to prepare proposals that may contribute to solving problems facing reinsurance companies.

D. General skills:

  • Gaining a spirit of cooperation and discussion in a scientific manner that advances the presentation of perceptions in the field of insurance.
  • The ability to communicate, teamwork, accept opinions and reach the best solutions.
  • Gaining experience in the field of insurance and reinsurance due to its importance in the national economy and raising the spread of insurance awareness.
  • Providing scientific cadres capable of covering the requirements of the labor market in the field of insurance.

Teaching and learning methods

  1. Study lectures.
  2. Case studies and practical applications.
  3. Various exercises on the contents of the course.
  4. Diversity in questions and activating panel discussions to develop comprehension.

Methods of assessments

  1. Midterm exam 20%.
  2. Research paper 10%.
  3. Activity 10%.
  4. Final exam 60%.

Course content

Number of hours

scientific subject

Week

9

Theoretical foundations of the reinsurance system.

1-2-3

9

reinsurance methods.

4-5-6

12

reinsurance markets.

7-8-9-10

12

Problems faced by reinsurance companies.

11-12-13-14

Portfolio theory (FIN361)
Audit and control of banks (FIN465)
Various insurance (FIN464)
Re Insurance (FIN463)
Finance and real estate investment (FIN462)
Contemporary financial issues (FIN460)
Quantitative methods in finance (FIN369)
Takaful insurance (FIN368)
Financial indicators and investment funds (FIN367)
International investment (FIN366)
Financial derivatives (FIN365)
Securities and currencies analysis (FIN364)
Advanced corporate finance (FIN363)
Investment evaluation (FIN362)
Corporate finance (FIN360)
Financial analysis and forecasting (FIN269)
Financial institutions (FIN268)
Banking operations and policies (FIN267)
Financial markets (FIN266)
Islamic financing and investment formulas (FIN265)
Fundamentals of Islamic banking (FIN264)
Insurance basics (FIN263)
Financial policies (FIN466)
International Finance (FIN467)
Financial management (FIN260)
Strategic financial analysis (FIN468)
Banking marketing (FIN469)
Planing peincipals (PLA170)
Financing Principles (FIN160)
Accounting Principles I (ACC 130)
Principles of Accounting II (ACC131)
Investing basics (FIN262)
Banking basics (FIN261)