Risk Management for Insurances

• 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

2.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2021

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