Objectives
Participants are expected to:
- understand the fundamental theories of actuarial science in insurance,
- be able to make the bridge between those theories and practice within their projects, and
- be able to propose theory-based solutions to business issues.
Target Attendees / Participants
Students of Steinbeis Master of Business Administration
Course Content by Units
Introduction to Enterprise Risk Management and Insurance and Risk Identification
Loss Control and Risk Transfer
Insurable Perils and Insuring Organizations
Insurance Markets and Regulations
Life Insurance
Health Insurance
Commercial Property and Liability Insurance
Commercial Property Insurance
Teaching Methods
The course includes:
- introductory note explaining the aim and structure of the course, as well the teaching methodology use,
- ex cathedra lecturing illustrated by a number of examples, and
- case study.
Literature
David C. M. Dickson (2005): Insurance Risk and Ruin (International Series on Actuarial Science), Cambridge University Press.
Greg N. Gregoriou, Marco Micocci, Giovanni Batista Masala (2010): Pension Fund Risk Management: Financial and Actuarial Modeling (Chapman & Hall/Crc Finance Series).
Hanji Shang (2006): Actuarial Science: Theory And Methodology, World Scientific Pub Co Inc.
Marco Corazza, Pizzi Claudio (2010): Mathematical and Statistical Methods for Actuarial Sciences and Finance, Springer.
Ngai Hang Chan, Hoi-Ying Wong (2006): Simulation Techniques in Financial Risk Management (Statistics in Practice), Wiley-Interscience.
Rob Kaas et al. (2001): Modern Actuarial Risk Theory, Springer.
Rob Kaas et al. (2005): Actuarial Theory for Dependent Risks: Measures, Orders and Models, Wiley.
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