Insurance management (2016/2017)

Course code
4S02480
Name of lecturers
Flavio Pichler, Marco Vesentini
Coordinator
Flavio Pichler
Number of ECTS credits allocated
9
Academic sector
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Language of instruction
Italian
Period
Secondo Semestre Magistrali dal Feb 27, 2017 al Jun 1, 2017.

Lesson timetable

Secondo Semestre Magistrali
Day Time Type Place Note
Tuesday 11:00 AM - 1:30 PM lesson Lecture Hall SPB  
Wednesday 2:00 PM - 4:30 PM lesson Lecture Hall SPB  

Learning outcomes

The course gives an introduction to the main issues pertaining the management of Insurance Companies, aiming at providing the students with the methodologies useful to understand their management. Specifically, the following topics will be deepened: why Insurance Companies exits, the different products and services offered by Insurance Companies and the distribution channels, the specificities of the management of Insurance Companies, the logics behind the determination of the insurance premium, the technical provisions and the investment policies, risks, regulation, the bancassurance industry and financial conglomerates and the evolution of the Italian and European insurance markets.
Lectures may be integrated with experts’ insights on specific topics.

Syllabus

1. The economics of insurance: managing insurable risks.
2. Life and non-life products. 
3. Management of insurance companies.
4. Insurance products premia.
5. Technical provisions and solvency requirements.
6. The risks faced by insurance companies.
7. Regulation and supervision of insurance companies.
8. Distribution channels: agencies, brokers, etc.
9. The relationship between banks and insurances: financial conglomerates.
10. The market for insurance products and companies

CAPPIELLO A., L'impresa di assicurazione. Economia, gestione, nuove regole di vigilanza, FrancoAngeli, Milano, 2013.
MIANI, S., I prodotti assicurativi, Giappichelli, Milano, 2010. The following chapters are to be studied: 1, 2 (excepting paragraph 10), 3, 4, 5, 6, 7 (excepting paragraph: 3.3; 4; 5), 8, 9, 10, 11, e 13.

Reference books
Author Title Publisher Year ISBN Note
Paci S. Assicurazioni: economia e gestione EGEA 2017
Miani S. I prodotti assicurativi (Edizione 4) Giappichelli Editore 2017 Da studiare integralmente ad esclusione del paragrafo 10 del capitolo 2 e dei capp. 7, 12, 14 e 15
Cappiello A. L'impresa di assicurazione. Economia, gestione, nuove regole di vigilanza FrancoAngeli 2012 Da studiare integralmente ad esclusione del paragrafo 3 del capitolo 5

Assessment methods and criteria

Written test made up of open questions and/or exercises. The commissioners may also integrate the written test with an oral assessment, only for students whose grade in the written test is at least 18 out of 30.

STUDENT MODULE EVALUATION - 2016/2017