Organization and Function of Insurance Market

A compulsory course of the third semester of the Master’s Programme “Banking-Insurance and Finance”.

Course details

Code: MBAF13
Semester: 3rd
Credits: 5 ECTS
Teaching hours: 2 per week (lectures and practical exercises)
Course type: Specialisation Course (ME)
Prerequisites: none
Language of teaching and examinations: Greek and/or English
Offered to Erasmus students: yes, upon relevant request
Mode of delivery: distance learning, synchronous and asynchronous
Total workload: 150 hours
Taught by: Sophia Mitropoulou

Learning outcomes

On successful completion of the course, the student will acquire knowledge and skills allowing

An understanding of the organisation and operation of insurance
An understanding of the differences between private and social insurance
An understanding of the new legislative framework concerning insurance intermediation
An understanding of the prevention of fraud and money laundering through insurance

Syllabus

Organisation and operation of alternative insurance systems
Modern systems of social and private insurance
Elements of the modernisation of the institutional framework for the organisation and operation of private insurance
Directives on solvency: Solvency I, Solvency II
Effects of the legislative framework on insurance intermediation
Code of conduct and rules of behaviour for insurance intermediaries
Complaints
Prevention of insurance fraud and of the laundering of proceeds from criminal activities

Assessment

Assessment is carried out in two ways: the preparation of assignments, counting for up to 30% of the total mark — the structure and presentation of the text, the quality of the analysis and the bibliographical references are taken into account above all — and a written final examination, counting for 70%. Language of assessment: Greek.