Study-Unit Description

Study-Unit Description


CODE INS4021

 
TITLE Insurance

 
UM LEVEL 04 - Years 4, 5 in Modular UG or PG Cert Course

 
MQF LEVEL 6

 
ECTS CREDITS 4

 
DEPARTMENT Insurance and Risk Management

 
DESCRIPTION Study-unit Outline:

- The Insurance Market
- Main insurance principles
- Classes of insurance
- Underlying principles of insurance contracts
- Claims handling
- Regulation of Insurance Business
- Focus on certain policies
- The placement of insurance

Students are expected to supplement the lecture notes with their own research and reading.

Rationale & Learning Objectives:

The insurance study-unit deals with insurance mainly from a practical and industry perspective, as well as from a legal point of view. It is intended that after completion of the study-unit the student will have gained an insight into the insurance market, the main players therein and of the standard insurance policies commonly in use.

Reading List:

- Hansell D.S. Introduction to Insurance LLP.
- Birds John Modern Insurance Law Sweet & Maxwell.
- Malcolm A. Clarke The Law of Insurance Contracts LLP.
- E.R. Hardy Ivamy The General Principles of Insurance Law (Butterworths).
- Gordon Dickson & John Steele Principles & Practice of Insurance (CII 040).
- Victor Dover A Handbook of Marine Insurance (Witherby).
- Kluwer Publishing U.K. Handbook of Insurance.
- Clifford Chance Insurance Regulation in Europe (LLP).
- Malcolm A. Clarke (Clarendon Law Series) Policies and Perceptions of Insurance (an Introduction to Insurance Law).
- Insurance Business Act, 1998 (Chapter 403) - (to regulate the business of insurance).
- Insurance Intermediaries Act, 1998 (Chapter 487) - (to regulate insurance brokers and intermediaries).

 
STUDY-UNIT TYPE Lecture and Tutorial

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Sept. Asst Session Weighting
Examination (2 Hours) SEM2 Yes 100%

 
LECTURER/S Judith-Anne Galea

 

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit