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General information |
Course unit name: Principles of Insurance
Course unit code: 363681
Academic year: 2025-2026
Coordinator: Lluis Bermudez Morata
Department: Department of Economic, Financial and Actuarial Mathematics
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
45 |
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- Problem-solving class |
Face-to-face |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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The subject constitutes an introduction to actuarial statistics and mathematics, private insurance law and the economics of the insurance company. Consequently, after having studied Principles of Insurance, students must establish the relationship between the contents of this subject and those of the rest of the subjects that are taught under the minor in Risk and Finance of the degree in Business Administration and Management and, if applicable, the master’s degree in Actuarial and Financial Sciences. |
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Competences / Learning outcomes to be gained during study |
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To be able to make financial and business decisions, taking into account the current economic situation. |
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To identify the economic agents that make up an economy and to understand how they interrelate so as to take economic decisions with full awareness of their effects. |
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Team work. |
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Learning objectives |
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Referring to knowledge ― Know the legal, economic, actuarial and financial bases on which the company and the insurance activity are based.
― Know the concepts of risk and insurance.
― Know the general principles applicable to the different types of insurance: the legal and control regime, the insurance contract, the technical foundations of insurance and reinsurance, technical provisions and solvency.
― Know the characteristics of personal insurance and learn to differentiate the types (life insurance, health insurance, accident insurance, etc.).
― Know the characteristics of property and damage insurance, and the main differential features of each modality.
Referring to abilities, skills ― Perceive the need to efficiently manage the risks that affect all human activities. |
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Teaching blocks |
Fundamental principles of insurance
Risk
The insurance
Insurance activity
Legal and institutional framework
Insurance contract
Sum assured
Premium: technical foundations of insurance
The sinister
The reinsurance
Financial guarantees of solvency
Economics and organization of the insurance company
Personal insurance
Social security and savings: life insurance, and pension plans and funds
Personal accident, health and dependency insurance
Life insurance
New types of life insurance
Property and damage insurance
Car insurance
Damage insurance
Property insurance
Multi-risk insurance
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Teaching methods and general organization |
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To achieve the objectives of the subject, the course is structured around three parts. In the first one, the basic contents of the insurance activity are explained. In the second one, the subject focuses on personal insurance, and pension plans and funds. In the third one, on property and damage insurance. |
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Official assessment of learning outcomes |
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Standard assessment period
Repeat assessment The final grade of the subject is the result obtained in a written examination, on the date set by the Academic Council, with conceptual questions on the subject matter. Evaluation of competences The two specific competences of the degree included in the subject can be summarized, in this case, in the ability to understand the specific characteristics of the insurance market. For this reason, the student must learn to mobilize and integrate a series of theoretical knowledge, skills and attitudes. The assessment of this competence organizes the whole assessment of the subject. Theoretical knowledge is tested in the two practicals, while skills and attitudes, as well as the integration and mobilization of all this, are assessed in the assignment.
Examination-based assessment It is understood that the student waives the continuous assessment and opts for the single assessment if they do not take the second individual written examination of the second and third blocks of the continuous assessment. |
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Reading and study resources |
Check availability in Cercabib
Book
BERMÚDEZ, L. et al. Introducció al món de les assegurances. Barcelona: Edicions UB, 2004.
Alegre A. et al. Teoría General del Seguro. Madrid: ICEA, 2017. ISBN: 978-84-697-6093-2
PÉREZ TORRES, José Luis. Fundamentos del seguro. Barcelona: Alfadir, 2011.
GUARDIOLA LOZANO, Antonio. Manual de introducción al seguro. Madrid: Mapfre, 2001
PÉREZ TORRES, José Luis. Conociendo el seguro. Barcelona: Umeser, 2002.
Web page
Dirección General de Seguros y Fondos de Pensiones. Informació sobre el sector [en línia]. [Consulta: 14 juny 2017] Disponible a: http://www.dgsfp.mineco.es
Centro documentación Mapfre. Catálogo - Base de Datos del Seguro. [en línia]. [Consulta: 14 juny 2017] Disponible a: http://www.mapfre.com/documentacion
ICEA. Almacén de Datos del Seguro [en línia]. [Consulta: 14 juny 2017] Disponible a: http://www.icea.es
UNESPA. Asociación Empresarial del Seguro. [en línia]. [Consulta: 14 juny 2017]. Disponible a: http://www.unespa.es