Risk Management in Insurance
Responsibilities, goals, areas and organization of risk management in an insurance company; regulatory framework for risk management in insurances with particular focus on Solvency II; risk measurement in the life and non-life sectors; risk measurement with regard to market risks; risk-oriented management of an insurance business; Solvency II with regard to regulatory authorities and disclosure requirements
Banking and Finance (Bachelor)
Language of instruction
After the successful completion of this course the students will be able to describe the responsibilities of risk management in insurances. The students will be able to explain important methods for the quantification and management of various risks relevant for insurance companies, also with regard to regulatory requirements. They will be able to implement the most important regulations within the standard approach of Solvency II and to assess potential consequences for various divisions in an insurance company. Besides, they will be able to name the regulatory authorities determined within the framework of Solvency II and thus draw conclusions for the management of insurance businesses.