The course Insurance Management and the supplementing tutorial provide an overview of the institutional characteristics of the insurance industry and the management of insurance companies.
Based on the historic development, the risk function of insurance is explained. On the basis of this, the underwriting design of different forms and products of insurance as well as the insurability of risks are discussed. In addition to the value chain in insurance companies, current challenges and opportunities for the industry, especially through digitalisation and similar trends, and different management approaches are covered. Strategic decisions and risk management in order to maintain financial stability are another focus. Besides the risk transfer from policyholders to insurance companies, forms of reinsurance and alternative risk transfers are examined.
The 2-hour course, which is supplemented by a 2-hour tutorial, takes place in fall trimester.