Insurance management (2020/2021)

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
Location
VERONA
Period
secondo semestre (lauree magistrali) dal Mar 1, 2021 al Jun 1, 2021.

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.

Syllabus

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

Teaching methodology:
The course will be made up of frontal lessons held by the teachers along with expert testimonials, who will present their diverse experience in the insurance sector.
At the beginning of the course, students will be provided with the timetable that will evidence the time and room for each lesson.
Additional materials will be made available on the e-learning page of the course.
Both course books and additional materials are consistent with course objectives and syllabus

Reference books
Author Title Publisher Year ISBN Note
Miani S. I prodotti assicurativi (Edizione 4) Giappichelli Editore 2017 MIANI, S., I prodotti assicurativi, Giappichelli, Milano, 2017, (ebook). Sono da studiare i seguenti capitoli: 1, 2 (ad esclusione dei paragrafi 2.9 e 2.10), 3, 4, 5, 6, 8, 9, 11 e 14.
Cappiello A. (a cura di) L'attività assicurativa. Regole, gestione, business model FrancoAngeli 2018 9788891770004

Assessment methods and criteria

Exams aim at evaluating both knowledge about insurance companies management and students’ capabilities to critically assess dynamics and complexities of insurance activity.
Examinations will be held orally and will cover all the course program. Also, exercises might be solved during oral exams.
Further information will be given on the e-learning platform.