Institut für Risikomanagement und Versicherung




Hauptseminar: Catastrophe Risk Management

Prof. Patricia Born, PhD
Contact: Dominik Lohmaier

Major catastrophic losses cause severe distortions in insurance markets and the increasing size of economic losses imposes severe challenges on both insurers and governments in disaster-prone areas. Many individuals remain uninsured as they underestimate the threat of catastrophic events due to their low frequency or rely on governmental disaster relief.

The seminar examines challenges for catastrophe risk management by discussing selected topics such as:

  • Threats and opportunities of climate change for the insurance industry
  • Behavioral biases and the demand for catastrophe insurance
  • Governmental disaster relief and charity hazard
  • Capital market effects of catastrophes
  • Management of terrorism risk
  • Catastrophe bonds

Students are supposed to acquaint themselves with their research question, read up the relevant literature and compose a scientific paper. The results of their papers will be presented and discussed in the final seminar session.

Organizational Issues


  • The number of participants is restricted.
  • Application Period: June 29th through July 10th.
  • Important information on application process and deadlines can be found here!


  • Students of Business or Economics (Bachelor) with a specialization in "Markt-und Finanzorientierte BWL" (BSc PO 2008).
  • Students of financial mathematics (Bachelor) with module WP 21 (Versicherungsbetriebslehre).


  • English


October 13th 10am - 12pm Kick-Off-Meeting Room 307, Schackstr. 4
October 15th   Allocation of topics Via email
November 26th before 12pm Submission of papers Room 302, Schackstr. 4
January 13th/ 14th all day Presentation of papers and discussions Room 307, Schackstr. 4


  • Type of examination: paper, presentation and discussion of another paper.
  • 6 ECTS (M&F-BWL: Bachelor students in Business Administration) or 6 ETCS (Bachelor students in financial mathematics)


  • Participating successfully in this seminar grants eligibility for writing a bachelor or diploma thesis at the Institute for Risk Management and Insurance.
  • Please find more information in the syllabus.