Traditional and Alternative Risk Transfer in the Insurance Sector - JEM235

• Title: Traditional and Alternative Risk Transfer in the Insurance Sector
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2023 to 2023
• Semester: winter
• E-Credits: 3
• Examination process: winter s.:
• Hours per week, examination: winter s.:2/0, C [HS]
• Capacity: 97 / unknown (60)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: taught
• Language: English
• Teaching methods: full-time
• Teaching methods: full-time
• Additional information: http://ies.fsv.cuni.cz/en/syllab/JEM141
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: prof. PhDr. Petr Teplý, Ph.D.; prof. Maurizio Pompella
• Teacher(s): prof. Maurizio Pompella; prof. PhDr. Petr Teplý, Ph.D.

Annotation

English

Last update: prof. PhDr. Petr Teplý, Ph.D. (21.08.2023)

Compact course taught in WS AY 2023/24 scheduled for 25 and 26 September 2023 at Room No. 314.
The course will be opened for student´s registration till 22 September 2023.

This 2-day course provides basic principles of unconventional risk transfer in insurance. It also discusses the main challenges financial intermediaries have to deal with currently such as disruptive technologies and the way to a sustainable development. Basic knowledge of risk management and statistics is recommended.

Descriptors

English

Last update: prof. PhDr. Petr Teplý, Ph.D. (21.08.2023)

2-day course on 25.9. and 26.9.2023 (9:00 - 15:00 at Room No. 314)

i) Front teaching: 9 hours

ii) Final Exam (written test) 1 hour

Detailed schedule:

Day 1 (4.5h)
From Unconventional Risk Transfer to Global Financial Crises
- Traditional vs Financial Reinsurance, and Unconventional Risk Transfer
- Pure Risk Management for Businesses: Market solutions and Alternative Risk Transfer
- Finite Reinsurance, multiline / multiyear / multitrigger products
- PR Securitization and ILS (Insurance Linked Securities), Contingent Capital, Catastrophe Bonds
- Life Insurance Securitization.
- Global Financial Crises, Financial Innovation, and New Technologies
- Financial Innovation, Structured Finance, and Global Financial Crises
- How COVID 19 changed the world

Day 2 (3.5h + 1.0h Final Test)
Financial Intermediaries new Challenges: Fintech, New Green and Sustainability
- The third wave of ICT and Financial Intermediation: Fintech and Blockchain
- New Paradigms and Disruption
- ESG and New Trends to Sustainability, the role of Financial Intermediaries
- Physical and Transition Risk
- ESG compliance and Transition Costs
- ESG reporting and disclosure
- Climate Fintechs and Responsible Investment

Literature

English

Last update: prof. PhDr. Petr Teplý, Ph.D. (08.06.2023)

References (recommended)

Pompella M. - Scordis N., The Palgrave Handbook of Unconventional Risk Transfer, Palgrave MacMillan, 2017 (selected chapters).

Pompella M. – Matousek R., The Palgrave Handbook of Fintech and Blockchain, Palgrave MacMillan, 2021 (selected chapters).

Pompella M. – Costantino L., Financial Innovation and Technology after COVID-19, a few directions for Policy Makers and Regulators in the view of old and new disruptors, EKONOMIKA, 2021, 100(2), pp. 40-62.

Pompella M. – Costantino L., ESG Disclosure and Sustainability Transition: A New Metric and Emerging Trends in Responsible Investments, 13, TalTech Journal of European Studies, Tallinn University of Technology, 2023, Vol. 13, No. 1 (37).

Requirements to the exam

English

Last update: prof. PhDr. Petr Teplý, Ph.D. (08.06.2023)

Final written exam (100%)