Lecturer: Dr. Stephanie Müller
This lecture offers an introduction to the economic fundamentals of the insurance business. Along the value chain of insurance companies management issues are analyzed and discussed. Developments that are essential for the insurance industry, such as digitalization or the emergence of new risks, are discussed and examined in an economic context. Among the topics to consider are institutional foundations, insurance regulation, insurance distribution as well as current issues like the digital transformation of the insurance sector and the handling of cyber risks.
Learn about the central institutional characteristics of various forms of companies in the insurance business and their implications for their management.
Become familiar with the regulatory framework of the insurance business.
Be aware of key developments and challenges arising from new technologies and risks and their economic significance for the industry.
Module I: Insurance Industry Foundations
Module II: Insurance Regulation & Supervision
Module III: Behavioral Insurance
Module IV: Insurance Distribution
Module V: Insurance Products
Module VI: Current Challenges: Digitalization & Cyber Risks
The course will be offered at least partially online during the winter semester 21/22. The contents of the lecture will be made available for viewing via LMUCast on the dates listed in the syllabus. The exercises will be offered weekly on Fridays. From today's point of view, all exercises will take place live via Zoom. The access data can also be found on Moodle. If it should become possible to hold face-to-face lectures for the scope of our course during the semester, the exercises will be offered in the lecture hall.