| CODE | INS2091 | ||||||||||||
| TITLE | Corporate Governance of Insurance Undertakings | ||||||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 5 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Insurance and Risk Management | ||||||||||||
| DESCRIPTION | The study-unit will describe the system of governance of insurance undertakings. The analysis concerns the regulations introduced by the Solvency II Directive and the rules on corporate governance developed at international and EU level. Then, the intersections between insurance business and corporate law are examined. They include extraordinary corporate operations, supervision, reporting, customer relations, and claims handling management. Finally, the corporate governance of insurance groups will be analysed. Study-Unit Aims: - To familiarise students with the EU regulations on insurance and corporate law; - To stimulate students to deepen the issues arising from the intersection between corporate law and insurance regulation, both the organizational profiles and operational. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - List the rules on corporate governance, their rationale, and describe their meaning; - Analyze the organizational safeguards of insurance undertakings requested under corporate governance standards. 2. Skills: By the end of the study-unit the student will be able to: - Evaluate the challenges required from the EU regulations on corporate governance and insurance regulation to national laws and undertakings, including supervisory authorities; - Interpret regulatory requirements; - Identify the expected behaviours from these standards and analyse the impacts in terms of organizational and conduct requirements. Main Text/s and any supplementary readings: - Marano P. and Noussia K., 2022, The Governance of Insurance Undertakings. Corporate Law and Insurance Regulation, Springer - Van Hulle K., 2019, Solvency Requirements for EU Insurers, Intersentia, pp. 399-606 - Manes P. 2017, Corporate Governance, the Approach to Risk and the Insurance Industry under Solvency II, in Adenas M et all, Solvency II: A Dynamic Challenge for the Insurance Market, Il Mulino, pp. 93-138 - Siri M. Corporate Governace of Insurance Firms after Solvency II, 2016, in Marano P. - Siri M., Insurance Regulation in the European Union, Palgrave Macmillan, pp. 129 - 178 |
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| STUDY-UNIT TYPE | Lecture and Practical | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Pierpaolo Marano |
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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 2025/6. It may be subject to change in subsequent years. |
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