Risk Management and Solvency


Instructor: Prof. Dr. Martin Balleer

Cycle: See course schedule

ECTS-Information: 6 Credits

Expected prior knowledge:

Language: English

Assessment method: 120 minute written exam

Course structure: Lecture block

Course code: M.WIWI-BWL.0020

Learning goals:

Students will develop a knowledge and an understanding of the systems and practices of risk management in the insurance industry.
Risk Management is currently a main topic in the insurance industry and is seen as a critical success factor for the future. Following "Basel II" for banks, "Solvency II" is set to change the requirements for Risk Management in the insurance industry dramatically and is a main factor in the evolution of risk management systems in companies. An draft of the EU guideline has been available since September 2007.

Contents:

  • Organization of Risk Management
  • Risk Structure and Valuation
  • Institutional Requirements for Risk Management
  • Solvency II
  • Value- and Risk-Orientated Company Control
  • Asset-Liability-Management
  • Risk Management and Rating