Course code Ekon5026
Credit points 3
Insurance and Risks
Total Hours in Course81
Number of hours for lectures12
Number of hours for seminars and practical classes12
Independent study hours57
Date of course confirmation08.11.2011
Responsible UnitInstitute of Economics and Finance
Course developer
Ingrīda Kantiķe
Mg. oec.
Course abstract
The goal of the course is to gain extensive knowledge on the insurance market and the risks related to it. During the course, students analyse the legislation regulating insurance and study the types of insurance offered in the insurance market. In the course, the markets and risks of life insurance and business insurance are extensively analysed.
Learning outcomes and their assessment
Knowledge – master students gain knowledge on the operation of life and nonlife insurance companies and private pension funds in the territory of Latvia, profound knowledge on analysing the financial performance of an insurance company and the insurance industry and on insurance products, and knowledge on the role of reinsurance in the stability of insurance market. Skills – master students are able to independently make a financial analysis and an assessment of an insurance company, identify and assess the existing and new insurance products, and estimate the financial gains from long-term life insurance and accumulated pensions. Competence – master students gain profound knowledge on and skills in assessing the financial performance of insurance companies and are competent in the assortment of insurance services. They obtain knowledge on the operation of private pension funds in Latvia and the provision and stability of a long-term process of reinsurance and insurance.
Compulsory reading
1. Rubanovskis A. Apdrošināšanas pamati: teorija, plānošana, problēmas. Rīga: EKA, 2004. 201 lpp.
2. Sūniņa – Markēviča K. Apdrošināšana. Rīga: Junior Achievement Latvija, 2003. 143 lpp.
3. Vollbrecht J. Policy issues in insurance. OECD, 2001. - p. 329.
4. Брег С. Настольная книга финансового директора. Москва, Альпина Бизнес Букс, 2007. 536 с.
Further reading
1. Jütting J. Health insurance for the poor in developing countries. Ashgate Publishing Company, 2005. 152 p.
2. Par apdrošināšanas līgumu [tiešsaiste]: LR likums. Pieņemts 10.06.1998. Stājas spēkā 01.09.1998. ar grozījumiem:[Skatīts 17.11.2011.] Pieejams: http://www.likumi.lv/doc.php?id=48896
3. Policy issues in insurance: Insurance in the Baltic Countries. OECD, 2004. 429 p.
Periodicals and other sources
1. Latvijas Ekonomists. Rīga: Mamuts, 2005-. ISSN 1025-8922.
2. Dienas Bizness: nedēļas laikraksts: Latvijas biznesa avīze. Rīga: Diena: Dagens Industri, 2005-. ISSN 1407-2041.