Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
Belonging course: 
Course of Master's Degree Programme on MARITIME ECONOMY
Disciplinary sector: 
Year of study: 
First Semester
Hours of front activity: 



Course description

The aim of the course is to analyse the insurance for the Blue Economy. The first part of the course is related to the identification of risks and characteristics of the Blue Economy whereas the central part of the course is devoted to the study of insurance and functioning of the so-called Protection & Indemnity clubs (P&I).
At the end, the student will be able to estimate the degree of coverage for the shipping companies.
The learning outcomes of the course can be as follows:
Knowledge and understanding: the student has to show of recognizing the risks and of identifying the most effective risk management technique taking into account the characteristics of the Blue Economy
Applying knowledge and understanding: the student has to show of applying the knowledge on risks to the main issues related to the risk in the Blue Economy
Making judgements: the student has to show of estimating the system of risks of the Blue Economy's firms accounting for the impact of the insurance coverage
Communication: the student has to be able of correctly use the terminology on risks in order to analyse the answers of the written test and of the oral test
Lifelong learning skills: the student has to be able to identify the main risks and the main instruments for their management. Furthermore, the student has to deepen the contents of the course through the independent analysis of further bibliographical references.


Students must know the principles of management of financial risk and insurance risk.


On average, there are two modules:
I module – The shipping companies (8 h)
The characteristics of the maritime sector (the main characteristics of the ships, the freight market, derivatives, ..)
II module – The maritime insurance coverage (16 h)
The Hull and Machinery coverage and the role of Protection and Indemnity clubs and of the International Group.

Teaching Methods

The course consists of a set of frontal lessons during which the professor will discuss the contents of the course and show some examples of P&I club. The material (presentations and further references) can be downloaded by the Moodle platform.


- Starita M. G., Malafronte I. (2014) Capital Requirements, Disclosure, and Supervision in the European Insurance Industry. New Challenges towards Solvency II, Palgrave Macmillan, Basingstoke.
- Other material provided by the teacher.

Learning assessment

The examination consists of a written test and of an oral test. The written test consists of five questions with open answer (the maximum score is 5 points for each question) and of an exercise (the maximum score is 5 points). The judgment of the oral test is expressed in thirtieths. The final score is the average (with the same weight) of the written test and of the oral test.

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