Introduction to Insurance Management

• Origins and development of the insurance industry; • Structure and agents in the Austrian and international insurance markets • Definition of insurance and insurable risks • Organisational forms, business areas and sectors • Functions of insurance enterprises; • Insurance products • Delineation of private insurance companies from social insurance in Austria • Fundamentals of premium calculation • Underwriting risks for insurances • European and international risk management standards, and risk policy insurance enterprises

Art der Vermittlung

Präsenzveranstaltung

Art der Veranstaltung

Pflichtfach

Empfohlene Fachliteratur

Farny (2011) Versicherungsbetriebslehre, VVW, 5th edition.

Lern- und Lehrmethode

Lecture, discussion

Prüfungsmethode

Written final exam (based on set questions)

Voraussetzungen laut Lehrplan

None

Schnellinfos

Studiengang

Banking and Finance (English)

Akademischer Grad

Bachelor

ECTS Credits

3.00

Unterrichtssprache

Englisch

Studienplan

Vollzeit

Studienjahr, in dem die Lerneinheit angeboten wird

2023

Semester in dem die Lehrveranstaltung angeboten wird

2 SS

Incoming

Nein

Lernergebnisse der Lehrveranstaltung

After successful completion of the course, students can • describe the business administration aspects in insurance • outline the development of the insurance industry • delineate insurable risks from the general risk concept • classify the various operational functions in the insurance industry • highlight the special nature of insurance products offered by private insurance companies, contrast them with, and distinguish them from the services offered by social insurance • classify the function of risk management in insurance companies, and explain the most relevant international and European general supervisory conditions

Kennzahl der Lehrveranstaltung

1229-19-01-VZ-EN-25