Teaching plan for the course unit

 

 

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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

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

 

-  Lecture with practical component

Face-to-face

 

45

 

-  Problem-solving class

Face-to-face

 

15

Supervised project

40

Independent learning

50

 

 

Recommendations

 

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.

However, this subject is a good option for all students who want to get involved in technical, executive and managerial positions of increasing responsibility in the field of insurance companies, banks and banks with insurance business and also in any company that has managerial positions specialized in the management of the risks inherent in its activity. It is, therefore, an opportunity to improve the employability for students who take it.

 

 

Competences / Learning outcomes to be gained during study

 

   -

To be able to make financial and business decisions, taking into account the current economic situation.

   -

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.

   -

Team work.

 

 

Learning objectives

 

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.

 

 

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

 

 

Teaching methods and general organization

 

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.

To take the subject, before each class students must prepare the contents of the relevant topic. During lectures with a practical component, the lecturer reviews the basic concepts, poses questions and explains practical cases.

During the weekly hour devoted to face-to-face practical activities, the lecturer moderates discussions on practical cases, news or documents, the development of the assignments, etc.

 

 

Official assessment of learning outcomes

 

Standard assessment period

The procedure to assess the acquisition of competences is continuous, in which the final grade is a weighting of the theoretical knowledge and skills acquired throughout the course through:

  • An individual written examination of the theoretical content of the first block (45%), once completed.
  • An individual written examination of the theoretical content of the second and third block (30%), once completed.
  • The submission of a written assignment on the insurance sector (25%), at the end of the semester.


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.

In both calls, on the dates set by the Academic Council, the final grade for the subject is the result obtained from a written examination consisting of conceptual questions on the subject matter.

 

 

Reading and study resources

Check availability in Cercabib

Book

BERMÚDEZ, L. et al. Introducció al món de les assegurances. Barcelona: Edicions UB, 2004. 

Catāleg UB  Enllaç

Alegre A. et al. Teoría General del Seguro. Madrid: ICEA, 2017. ISBN: 978-84-697-6093-2

Catāleg UB  Enllaç

PÉREZ TORRES, José Luis.  Fundamentos del seguro.  Barcelona: Alfadir, 2011.

Catāleg UB  Enllaç

GUARDIOLA LOZANO, Antonio.  Manual de introducción al seguro.  Madrid: Mapfre, 2001

Catāleg UB  Enllaç

PÉREZ TORRES, José Luis. Conociendo el seguro. Barcelona: Umeser, 2002.

Catāleg UB  Enllaç

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