Module Code - Title:

IN4427 - INSURANCE ORGANISATIONS AND MARKETS

Year Last Offered:

2025/6

Hours Per Week:

Lecture

2

Lab

0

Tutorial

1

Other

0

Private

7

Credits

6

Grading Type:

N

Prerequisite Modules:

IN4003

Rationale and Purpose of the Module:

1. To develop in the student an understanding of and insight into the management of an insurance organisation in the current economic and legal environment. 2. To examine the nature of the interface between insurance organisations and regulators. 3. To introduce students to the theory and practice of insurance institutions and to acquaint students with the complex and rapidly changing environment within which insurers operate. Stress will be given to the achievement of appreciation of recent developments in the field.

Syllabus:

Develop in the student an understanding of and insight into the management of insurance organisations in the current, social, economic and legal environment. Examine the nature of the interface between insurance organisations and regulators. Introduce students to the theory and practice of insurance institutions and to acquaint students with the complex and rapidly changing environment within which insurers operate. Stress will be given to the achievement of appreciation of recent developments in the field.

Learning Outcomes:

Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)

Analyse and evaluate the nature of the interface between insurance organisations and regulators. Explain the demographic, legal and regulatory differences between international insurance markets Demonstrate an understanding of the economics of insurance Discuss the management of an insurance organisation in the current economic and legal environment. Evaluate the nature of risk faced by insurance companies Identify typologies of insurance and reinsurance Apply interdisciplinary perspectives as drivers of insurance demand and supply

Affective (Attitudes and Values)

Appreciation of position of various stakeholders Articulate moral and ethical considerations required in understanding the position of insurance in wider economic and other financial circumstances.

Psychomotor (Physical Skills)

N/A

How the Module will be Taught and what will be the Learning Experiences of the Students:

The student will attend lectures, take part in discussion during tutorials and engage in self-directed research and proactively engage with assigned course material. An end-of-term assignment is required to allow students to illustrate and analyse the knowledge gained throughout the module and apply to industry risk scenarios. The process is continuously reviewed throughout the semester, feed-back is given and students are held responsible for their own learning through self-evaluation techniques.

Research Findings Incorporated in to the Syllabus (If Relevant):

Prime Texts:

Other Relevant Texts:

Programme(s) in which this Module is Offered:

BBBUSTUFA - BUSINESS STUDIES

BBBSFRUFA - FRENCH

BBBSGEUFA - GERMAN

BBBSJAUFA - JAPANESE

HDBEFLTFA - Business and English as a Foreign Language (Pre Ma

Semester(s) Module is Offered:

Autumn

Module Leader:

emer.owens@ul.ie