Module Description The objective of the lecture is to understand the fundamental concept of insurance as well as the delineation between individual and social insurance. Moreover, selected insurance products are to be introduced from the non-life (motor vehicle insurance, building insurance), life insurance and health insurance segments. The calculations used for the various insurance products are dealt with in detail. The sales policy of an insurance company represents a further focal point of the module. In the process, the sales strategies and sales policy instruments of insurance companies are presented, followed by a discussion of their respective benefits and drawbacks. Students are enabled to understand the fundamental concept of insurance along with the clear delineation between individual and social insurance systems. They acquire an overview of the large variety of insurance products available and receive an in-depth insight into selected insurance products from the non-life, life and health insurance segments. They develop a firm command of quantitative methods of insurance calculation and receive an insight into distribution policy of the insurance industry and are to understand the benefits and drawbacks of various distribution channels.
Module Description The seminar aims at providing students with basic knowledge about insurance regulation and supervision in the EU. During the seminar, students will first receive a general introduction about insurance regulation and supervision in the EU. They will then have to research a topic relating to insurance regulation and/or supervision, to present their research and to discuss the outcome with fellow students. Students will be able to select the relevant topic from a list provided in advance. The topics will relate to areas such as Solvency II, market conduct, insurance distribution, supervisory co-operation, etc.
Module Description The bachelor degree lecture “Finance III” covers corporate finance, insurance and risk management topics. The main goal is to equip students with the fundamental concepts of valuation, capital structure and risk management of financial institutions. They learn about the reasons why risk financing matters and how to use derivatives for hedging risks and what the difference is.
Module Description The objective of the lecture on “Risk Management and Insurance” is to understand the relevance and principles of risk management in the context of insurance. To this end, the life and non-life insurance segments are analyzed, including current developments unfolding from time to time. This approach is based inter alia on the expected utility theory [Bernoulli principle], the (cumulative) prospect theory as well as theoretical risk approaches. In the course of the exercises, an introduction is given to statistical programming, and the content of the lecture is applied to various problem cases to be solved. The students are enabled to understand, reflect on and apply modern theory.
Module Description The seminar aims at introducing students to the basic concepts of Risk Management in Insurance Companies. During the seminar, the students will gain insight on how companies develop and assess their risks, and the role of regulation. The range of topics covers all areas of traditional and non-traditional insurance activities and related regulation. Learn how to interpret, classify and critically discuss results of scientific research and more. Generally improve presentation and communication skills.