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