Course: Risk & Insurance (5303-221)

Persons:

• Prof. Dr. Jörg Schiller (verantwortlich)

Type of Course:

lecture with exercise

In-Class Hours Per Week:

3

Contents:

The lecture introduces the basic principles of risk theory and actuarial practice. Besides an overview on the German Insurance Market and regulatory issues, the characteristics of different risks and their insurability will be discussed. Subsequently, questions concerning the optimal design of insurance contracts and the use of politically discussed risk characteristics to differentiate premiums will be analysed. Topics like calculation of insurance premiums, spread of risk within the collective, and instruments of risk management will be covered. Finally, reasons for the existence of social insurance will be discussed.

The exercise class elaborates the concepts of the lecture by covering selected aspects and topics in exercises, case studies, and experiments.

Literature:

Karten, Walter, Nell, Martin, Richter, Andreas, Schiller, Jörg (2017): Risiko und Versicherungstechnik, Wiesbaden.

Zweifel, Peter und Roland Eisen (2003): Versicherungsökonomie, 2. Auflage, Berlin.

Location:

Hohenheim

Remarks:

Please visit our website https://insurance.uni-hohenheim.de for more information. Lecture and exercise notes will be available on ILIAS at the beginning of the semester.

Module:

• 5303-220 Insurance Management (compulsory)