Risk Management for Insurances
Brief description
- Tasks, objectives, contents and organisation of risk management within an insurance company
- Regulatory framework for risk management in insurance with special regard to Solvency II
- Risk measurement in the life and non-life sectors
- Risk measurement in the area of market risks
- Risk-based management of an insurance company
- Solvency II with regard to supervisory powers and disclosure requirements
Mode of delivery
face to face
Type
compulsory
Recommended or required reading and other learning resources/tools
Marano/Siri, Insurance regulation in the European Union: Solvency II and beyond (2017)
Planned learning activities and teaching methods
Lecture and independent solving of examples; drafting a written paper; discussion
Assessment methods and criteria
Continuous assessment (exercises and student contributions in class, 30%) and written exam (70%)
Prerequisites and co-requisites
Module Business Administration for Insurance, Financial Mathematics/Statistics, Financial Markets
Infos
Degree programme
Banking and Finance (engl.)
Cycle
Bachelor
ECTS Credits
3.00
Language of instruction
English
Curriculum
Full-Time
Academic year
2025
Semester
5 WS
Incoming
No
Learning outcome
After successful completion of this course, students can
- describe the tasks of risk management in insurance companies
- present important methods for quantifying and managing the various risks relevant to insurance firms and relate them to the relevant regulatory requirements
- implement the most important provisions of the Solvency II Standardised Approach and to assess possible effects on various areas of an insurance firm
- identify the supervisory powers determined under Solvency II and draw conclusions for the management of insurance firms
Course code
1229-19-01-VZ-EN-37