Management of Non-Life Risk
types of non-life insurance; decomposition of premiums and premium principles (risk measures); calculation and accounting of claim reserves (prudence vs. mark-to-market); ruin probabilities and capital requirements (with a focus on Solvency II); controlling of a non-life-insurance portfolio by: acceptance/rejection of contracts, limit systems, risk-adequate pricing (including Solvency II capital requirements), product design; organisation and embedding of risk management in a non-life-insurance; reporting of the non-life-insurance risk; dynamic financial analysis in a non-life-insurance
Quantitative Asset and Risk Management (Master)
Language of instruction
After the successful completion of the course, students are able to handle economic capital allocation using appropriate control measures in the field of non-life risk. They can characterize different types of non-life insurances. Furthermore, the students can describe the organisation and embedding of risk management in non-life-insurances and are able to calculate ruin probabilities. Additionally, they can describe the most important aspects of the regulatory framework for insurance companies and pension funds (Solvency II) as well as relevant new regulations concerning the accounting system (IFRS) for non-life risk.