Introduction to Insurance Management

Brief description

• Origins and development of the insurance industry; • Structure and agents in the Austrian and international insurance markets • Definition of insurance and insurable risks • Organisational forms, business areas and sectors • Functions of insurance enterprises; • Insurance products • Delineation of private insurance companies from social insurance in Austria • Fundamentals of premium calculation • Underwriting risks for insurances • European and international risk management standards, and risk policy insurance enterprises

Mode of delivery

Präsenzveranstaltung

Type

Pflichtfach

Planned learning activities and teaching methods

Lecture, discussion

Assessment methods and criteria

Written final exam (based on set questions)

Prerequisites and co-requisites

None

Infos

Degree programme

Banking and Finance (engl.)

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2026

Semester

2 SS

Incoming

Learning outcome

After successful completion of the course, students can • describe the business administration aspects in insurance • outline the development of the insurance industry • delineate insurable risks from the general risk concept • classify the various operational functions in the insurance industry • highlight the special nature of insurance products offered by private insurance companies, contrast them with, and distinguish them from the services offered by social insurance • classify the function of risk management in insurance companies, and explain the most relevant international and European general supervisory conditions

Course code

1229-19-01-VZ-EN-25

Introduction to Insurance Management