BANKING AND INSURANCE LAW

Master 1 – Banking and Insurance Finance

Medium of Instruction: English (EMI)

Instructor: IBBOU AMINA, PhD
Status: Lecturer and Researcher

1. Course Description

Banking and Insurance Law is a professional and applied course designed for Master 1 students specializing in Banking and Insurance Finance.

The course introduces students to the legal and regulatory framework governing banking and insurance activities in Algeria. It aims to help students understand how legal rules shape financial institutions, banking operations, insurance contracts, customer protection, risk management, supervision, and financial stability.

The course is taught in English as a Medium of Instruction (EMI). English is therefore used as the main language for lectures, explanations, terminology, classroom activities, case studies, and assessments. However, the course remains fundamentally a law and finance course, not an English-language course.

Because students are studying the subject in a foreign language, particular attention will be given to financial and legal terminology. French and Arabic equivalents may occasionally be provided to facilitate conceptual understanding, particularly when dealing with Algerian legislation.

2. General Course Objective

The main objective of this course is to enable students to understand, interpret and apply the main legal principles governing banking and insurance activities in Algeria.

By the end of the course, students should be able to move from the legal rule to the financial practice and understand how legislation affects the activities of banks, financial institutions, insurance companies and their customers.

3. Learning Outcomes

By the end of the course, students will be able to:

1. Explain the role of law in the banking and insurance sectors.
2. Identify the main institutions responsible for regulating and supervising banking and insurance activities in Algeria.
3. Understand the main provisions of the Algerian Monetary and Banking Law.
4. Distinguish between banks, financial institutions and other financial service providers.
5. Explain the main banking operations and the legal framework governing them.
6. Understand the principles of banking supervision, authorization and regulatory compliance.
7. Explain the fundamental concepts of insurance law.
8. Identify the parties to an insurance contract and explain their respective rights and obligations.
9. Understand the main types of insurance and their legal characteristics.
10. Explain the role of insurance intermediaries and reinsurance.
11. Understand the legal framework of bancassurance in Algeria.
12. Discuss the impact of digitalisation and technological innovation on banking and insurance regulation.
13. Read and interpret selected provisions of Algerian financial legislation in English.
14. Use appropriate banking, financial and legal terminology.