Actuarial Techniques in the Insurance Industry


Instructor: Prof. Dr. Martin Balleer

Cycle: See course schedule

ECTS-Information: 6 Credits

Expected prior knowledge:

Language: German

Assessment method: 90 minute written exam

Course code: B.WIWI-BWL.0023

Course structure: Lecture block

Learning goals:

Students will develop a knowledge and an understanding of the basics of the insurance business and risk management with a focus on private insurance and company pension plans.
The core issue of the insurance business are the actuarial practices, which comprise economic, actuarial, and judicial contents. The course is based on the standard book by Dieter Farny, "Versicherungsbetriebslehre" and puts an emphasis on techniques of the insurance industry.

Contents:

  • Product-Independent Formal Principles
  • Techniques of Private Life and Health Insurance
  • Techniques of Indemnity Insurance
  • Techniques of Risk Partition
  • Financing and Control
  • Organization and Running of an Insurance Company
  • Actuarial Practices of the 3-Pillar Model of Private Insurance, Company Pension Plan and Compulsory Insurance