INS 3101         Principles of Risk Management and Insurance (3 Credits)

A study of the basic concepts of risk, various terminologies used in risk management and insurance. Students will be introduced a broad preview of risk management process and the method of handling risk, basic discussions of the principles that underline the field of insurance, and introduction to various types of insurance contracts, such as property, liability, life, health, and government insurance. A preview of the nature and operator of the insurance business is also included.

 

INS 3102         Insurance Law (3 Credits)

A study of the Insurance laws (and Ministerial Regulations) of the Kingdom pertaining to the contract of insurance in all fields such as life, accident, fire, transportation, and liability will be studied in details along with the court interpretation on applicable coverage. Wherever feasible, comparison will be made with laws in the U.K. and U.S. Prerequisite: BG 1400 Business Law I

 

INS 3201         Property Insurance (3 Credits)

A study of the analysis of an insurance contract and measurement of property and net income loss exposures of a family and the business firm in general, then, examines the major insurance policies and extension available in the Thai market. Basic discussion will be for fire insurance and allied lines, Industrial All Risk business interruption insurance, Motor insurance, ocean and inland marine insurance and any other modern property insurance for the business firm. Prerequisite:   INS 3101 Principles of Risk Management and Insurance

 

INS 3202         Casualty Insurance (3 Credits)

A study of the analysis of the source of Legal Liability, the major sources of liability loss exposures of both family and business firm and the insurance coverage designed to meet those loss exposures. Basic discussion will be for the personal liability insurance, public liability insurance, fidelity guarantee insurance, workers’ compensation employer’s liability insurance, professional liability insurance, products liability insurance, surety bond, and a variety of miscellaneous liability insurance. Prerequisite: INS 3101 Principles of Risk Management and Insurance

  

INS 3203         Engineering Insurance (3 Credits)

A study of the analysis and measurement of property loss exposures of the business firm. Major insurance policies and extension to be examined are the contractor’s all risks insurance, erection all risks insurance, machinery breakdown insurance, boiler and pressure vessel insurance, consequential loss following machinery breakdown, computer all risks insurance and deterioration of stock. Prerequisite: INS 3101 Principles of Risk Management and Insurance

  

INS 3301         Principles of Life Assurance (3 Credits)

A study of the features of life insurance industry, life insurance contract, life insurance policy, life insurance products and supplemental benefits, and life insurance policy provision and policy ownership rights. Paying life insurance policy proceeds and introduction to group life insurance are also included. Prerequisite: INS 3101 Principles of Risk Management and Insurance

 

INS 4103         Insurance Marketing (3 Credits)

A study of the marketing principles and functions of marketing as an integral aspect of major branches of insurance industry. It emphasizes on sales, promotion, product developments, distribution channels, customer relationship as well as other relevant topics. Prerequisites: MKT 2280 Principles of Marketing AND INS 3101 Principles of Risk Management and Insurance 

 

INS 4104         Reinsurance (3 Credits)

A study of the examination the nature and functions of reinsurance, main types of insurers and reinsurer, legal principles and outline of the international reinsurance market. It evolves into details of facultative, and treaty for both proportional and excess of loss reinsurance. The course also includes accounts, premium and loss reserves including reinsurance audits. Prerequisite: INS 3101 Principles of Risk Management and Insurance

 

INS 4105         Seminar in Insurance (3 Credits)

A study of a comprehensive review of all aspects of risk and insurance. Students will examine various cases on operations of insurance company. Topics are relevant to professional goals and interest of students and current issues in the insurance industry. The emphasis of the course will be on research, class discussion, and presentation. Prerequisite: Senior Standing

  

INS 4106         Information Management in Insurance (3 Credits)

A study of the data processing techniques used in pertinent functions in all branches of insurance. Specific applications relate to policy control, commission, premiums, renewals, branch/broker control and costing, cost analysis and financial analysis. New information technologies such as internet and World Wide Web are also included. Prerequisite: BIS 2180 Information Technology AND INS 3101 Principles of Risk Management and Insurance

                            

INS 4203         Marine and Aviation Insurance (3 Credits)

A study of the insurance of cargo by all modes of transportation and from aspects of loss, damage, and liability. Discussion will be pertinent cargo clauses A., B., C., War risk, Strike, Commodity Trades, and other clauses, Principles of Interest, Types and Characteristics of Vehicles and Cargoes, Hull Insurance and Aviation insurance. Prerequisite: INS 3101 Principles of Risk Management and Insurance

 

INS 4204         Property and Casualty Insurance Accounting and Finance (3 Credits)

A study of the analysis about insurance accounting and financial statements of the non life insurance company, valuation of insurance company asset, revenues, expenses, liabilities and policyholders’ surplus. Then, in depth discussion will be on how to interpreting basic financial statements, and Solvency Surveillance. Prerequisites: ACT 1600 Fundamental of Financial Accounting; INS 3101 Principles of Risk Management and Insurance

                             

INS 4205         Survey and Claim Management in Property and Casualty Insurance (3 Credits)

A study of the analysis about the roles and duties of the claim representative, human relations in claim, communication skill, listening skill, claim management, claim professionalism, the negotiation process and styles. The application of claims practice to transacting insurance business on an industry wide basis will also be discussed together with the pre-insurance survey and post -loss survey. Discussion of loss-adjustment techniques will also be provided using policy wording in each class of business. Prerequisites: INS 3201 Property Insurance AND INS 3202 Casualty Insurance

  

INS 4206         Essentials of Risk Management (3 Credits)

A study of the losses, loss exposures on both personal and business firm and the risk management process, risk management techniques, risk financing and risk control, role of the risk manager in an organization, pre and post loss objective, current issues regarding risk management. Prerequisite: INS 3101 Principles of Risk Management and Insurance

 

INS 4207         Insurance Management (3 Credits)

A study of the structure and operation of the insurance companies and broking companies incorporated in Thailand. The students will be led into managerial practices and problem in the insurance companies and broking companies. All main functions and assessment of market need for both organizations are discussed. Prerequisites: MGT 2900 Principle of Management AND INS 3101 Principles of Risk Management and Insurance

                          

INS 4208         Internship in Property and Casualty Insurance (3 Credits)

Students will spend 8 weeks (30 hours/week) intern with selected property and casualty insurance or related business organization. The internship will focus mainly on insurance operations of such organization. Upon completion of the program, the students will be evaluated by their supervisor and submit a detail report of the knowledge gained. Course grade will be based on the students’ supervisor evaluation and their reports. Prerequisite: Consent of Department Chairperson

 

INS 4209         Directed Studies in Property and Casualty Insurance (3 Credits)

Under the guidance of the department chairperson, a student must carry out an approved research project in Property and Casualty Insurance. The depth, and innovativeness of the research will determine the credit to be given. Prerequisite: Consent of Department Chairperson

 

INS 4210         Risk Control and Risk Financing (3 Credits)

This course starting with the last two steps of risk management process (1) implementing the selected risk management techniques and (2) monitoring the results for effective control and coordination of the organization’s total risk management effect. Prerequisites: INS 3101 Principles of Risk Management and Insurance AND INS 4206 Essential of Risk Management

  

INS 4302         Accident, Group and Health Insurance (3 Credits)

A study of the analysis and measurement of personal loss exposure, in respect of a family and business firm in general, the scope of coverage and extension of personal accident insurance, health insurance for medical expense benefit, disability benefit and this course also covers theory of group insurance, master contract and certificate, and the various aspects and clauses under group insurance contract including marketing and distribution of group insurance and evaluation of current trends. Prerequisite: INS 3301 Principles of Life Assurance

 

INS 4303         Life Assurance Underwriting (3 Credits)

A study of the elementary physiology and anatomy, the proposals and medical report forms. The topics also cover the main concept and process of life insurance underwriting, underwriting method, underwriting factors and under- writing aspects relating to impairments, diseases and physiological malfunctions. Prerequisite:   INS 3301 Principles of Life Assurance

 

INS 4304         Life Assurance Mathematics (3 Credits)

A study of the concepts of Life table, probability of death and survival, the fundamental of premium rating and analysis of the components and the essential factors of premium rate calculation, basic understanding about the reserve calculation and various types of reserve in life insurance. Prerequisite: INS 3301 Principles of Life Assurance

 

INS 4305         Claim Management in Life Assurance (3 Credits)

A study of the administrative aspects of payments with respect to death and disability claims, maturity and annuity payments, surrenders and partial surrenders of policies, loans on policy and dividends. Claim decision process, analyzing claims for life insurance and supplementary benefits, and paying life insurance claims will be emphasized. Prerequisite: INS 3301Principles of Life Assurance

 

INS 4306          Life Assurance and Financial Planning (3 Credits)

A study of the introduction of financial planning and personal financial planning process. The topics include the uses of life insurance, life annuities, health insurance and social security in the financial planning scheme, the risk analysis concept together with the integration of social security benefits, employer-provided benefits, individually purchased life insurance and investments into a comprehensive financial plan including life insurance planning and purchasing decision, financial health check/personal financial fact-finding as well as the investment planning. Prerequisites: FIN 2700 Money, Banking and Financial Markets AND INS 3301 Principles of Life Assurance

                           

INS 4307         Life Assurance Agency Administration (3 Credits)

A study of the life insurance agency office management concepts, agency organization and structure, ways to improve communication and workflow between insurer and the agency offices. Discussions will be focused on ways to organize agency office to maximize efficiency and to provide more effective sales support for agency force. The course also covers office productivity, agency expenses and budgetary control, compliance and sales practices, supervisory skills, people management techniques and agency office automation. Prerequisites: MKT 2280 Principles of Marketing AND INS 3301 Principles of Life Assurance

                             

INS4308          Managing for Solvency and Profitability in Life Assurance (3 Credits)

A study of the solvency, liquidity and profitability of life insurance companies. Topics include financial management of insurance company, how life insurance companies pursue the key financial objectives, insurance financial statement analysis, product planning, product design and pricing for insurance company product. This course also provides the concept of how insurance company executives approach capital management and monitor the financial performance of life insurance company. Prerequisites: FIN 2700 Money, Banking and Financial Markets AND INS 3301 Principles of Life Assurance

 

INS 4309         Internship in Life Assurance (3 Credits)

Students will spend 8 weeks (40 hours/week) intern with selected life assurance or related business organization. The internship will focus mainly on insurance operations of such organization. Upon completion of the program, the students will be evaluated by their supervisor and submit a detail report of the knowledge gained. Course grade will be based on the students’ supervisor evaluation and their reports. Prerequisite: Consent of Department Chairperson

 

INS 4310         Directed Study in Life Assurance (3 Credits)

Under the guidance of the Department advisor, a student must conduct a research in an approved area of life assurance. The depth, and innovativeness of the research will determine the Credits given. Prerequisite: Consent of Department Chairperson

 

 

Contact Us

AU-Home

Huamak Campus:
D-Building, 6th Floor, 24, Hua Mak, Bangkapi Bangkok, 10240 (Thailand)

  • Tel: 0-2300-4543-62; ext. 1125, 1201

Suvarnabhumi (Bangna) Campus:
MSME Building, 2nd Floor, 88 Moo 8 Bang Na-Trad Km. 26 Bangsaothong, Samuthprakarn, 10540 (Thailand) 

  • Tel : 0-2723-2236