Insurance management (2017/2018)

Course code
Name of lecturers
Flavio Pichler, Marco Vesentini
Flavio Pichler
Number of ECTS credits allocated
Academic sector
Language of instruction
Secondo Semestre Magistrali dal Feb 26, 2018 al May 25, 2018.

Lesson timetable

Go to lesson schedule

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.


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, 2012 excluding chapter 5, paragraph 3;
MIANI, S., I prodotti assicurativi, Giappichelli, Milano, 2017, (e-book). The following chapters are to be studied: 1, 2 (exclucing paragraph 2.10), 3, 4, 5, 6, 7 (excluding paragraph: 7.3.3; 7.4; 7.5 e 7.6), 8, 9, 10, 11 and 14.

Additional course material will be available during the course and on the e-learning page of the course.

Suggested readings:
PACI S., Assicurazioni: economia e gestione, EGEA, Milano, 2017.
PORZIO C., PREVIATI D., COCOZZA R., MIANI S., PISANI R., Economia delle imprese assicurative, McGraw-Hill, Milano, 2011.
MOTTURA P., PACI S., Economia e gestione della banca e dell’assicurazione, EGEA, Milano, 2009.

Textbooks, additional material and suggested readings are consistent with the syllabus.

Reference books
Author Title Publisher Year ISBN Note
Miani S. I prodotti assicurativi (Edizione 4) Giappichelli Editore 2017 ebook
Cappiello A. L'impresa di assicurazione. Economia, gestione, nuove regole di vigilanza FrancoAngeli 2012

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.