Institut für Risikomanagement und Versicherung




Hauptseminar: Catastrophe Risk Management

Prof. Patricia Born, PhD
Contact: Benjamin Heidler, Tobias Huber

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 14th through June 24th.
  • Important information on application process and deadlines can be found here!
  • Bitte beachten Sie die aktualisierten Hinweise zur verbindlichen Seminaranmeldung


  • 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



June 24th!!!

Application Deadline


October 19th

2 pm - 4 pm

Kick-Off-Meeting:Introduction to scientific writing and presentation of topics

Room 307, Schackstr. 4

October 21th

Allocation of topics and start writing

Via email

December 2nd

before 12 pm

Submission of papers (two hardcopies + digital version)

Room 302, Schackstr. 4

December 19th – 20th


Feedback on papers and allocation of discussions

Room Teaching Assistant

January 16th & 17th

2 all-day events

Presentations of papers and discussions

Room 307, Schackstr. 4

January 18th

10 am - 11.30 am

External Event at Allianz SE




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