Studying at the University of Verona

Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.

Study Plan

A.A. 2024/2025 A.A. 2023/2024 A.A. 2022/2023 A.A. 2021/2022 A.A. 2020/2021 A.A. 2019/2020 A.A. 2018/2019 A.A. 2017/2018 A.A. 2016/2017 A.A. 2015/2016 A.A. 2014/2015 A.A. 2013/2014 A.A. 2012/2013 A.A. 2011/2012 A.A. 2010/2011 A.A. 2009/2010

This information is intended exclusively for students already enrolled in this course.
If you are a new student interested in enrolling, you can find information about the course of study on the course page:

Laurea magistrale in Banca e finanza - Enrollment from 2025/2026

The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.

CURRICULUM TIPO:

1° Year 

ModulesCreditsTAFSSD
9
B
IUS/04
9
B
SECS-P/05
9
B
SECS-P/11
9
B
SECS-P/11
9
C
SECS-P/11
6
B
SECS-P/01
9
B
SECS-S/06

2° Year   activated in the A.Y. 2024/2025

ModulesCreditsTAFSSD
6
B
SECS-P/11
6
B
SECS-P/09
9
C
SECS-P/11
9
B
SECS-S/03
Stage
6
F
-
Final exam
15
E
-
activated in the A.Y. 2024/2025
ModulesCreditsTAFSSD
6
B
SECS-P/11
6
B
SECS-P/09
9
C
SECS-P/11
9
B
SECS-S/03
Stage
6
F
-
Final exam
15
E
-
Modules Credits TAF SSD
Between the years: 1°- 2°
9
D
-

Legend | Type of training activity (TTA)

TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.

A Basic activities
B Characterizing activities
C Related or complementary activities
D Activities to be chosen by the student
E Final examination
F Other training activities
S Placements in companies, public or private institutions and professional associations

Insurance management   (2023/2024)

Teaching code

4S02480

Teacher

Flavio Pichler

Coordinator

Flavio Pichler

Credits

9

Also offered in courses:

Language

Italian

Scientific Disciplinary Sector (SSD)

SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS

Period

Secondo semestre (lauree magistrali) dal Feb 26, 2024 al May 24, 2024.

Courses Single

Authorized

Lessons timetable MoodleMoodle Seminars 0

Learning objectives

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.

Prerequisites and basic notions

None

Program

1. Economics of insurance: risk and insurance. Introduction to risk management of pure risks and transferring risks to insurers. Insurable risks and insurance mutual principle. The concept of expected and unexpected loss.
2. Demand for insurance protection. The insurance contract and the different types of products offered: non-life and life products.
3. Pricing in non-life and life insurance: Risk premium, claim frequency and loss severity. Technical basis (actuarial assumptions, financial assumptions), expenses and expense-loaded premium; single premiums and periodic premiums.
4. The distribution of insurance services: the agency channel, insurance brokers, bank branches and licensed financial advisors, direct sales, innovative forms of distribution. The Insurance Distribution Directive (IDD).
5. Organization of insurance companies and relations between banks and insurance companies. Financial Conglomerates.
6. Management of insurance companies: the financial intermediation of insurers, the inverted economic cycle. The underwriting and risk management process. The claims settlement. The asset management of insurers.
7. Technical provisions: reserving in life insurance and technical reserves in non-life insurance.
8. The risks faced by an insurance company. The actuarial risk and the financial risk. Classical and innovative reinsurance (ART). Co-insurance.
9. Insurance regulation and supervision. Regulatory framework. Prudential supervision and Solvency II. Insolvency of insurance companies.
10. Introduction to management control and the reporting system of an insurance company.
11. The insurance market: recent trends.

Bibliography

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Didactic methods

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

Learning assessment procedures

The exam will be held in written form and consists in 5 open questions to be answered in 120 min. The exam will focus on the whole course program and and students may also be asked to carry out exercises.
Further information will be given on the e-learning platform.

Students with disabilities or specific learning disorders (SLD), who intend to request the adaptation of the exam, must follow the instructions given HERE

Evaluation criteria

The exam aims at evaluating both knowledge about insurance companies management and students’ capabilities to critically assess dynamics and complexities of insurance activity.
Each question is assessed with a range 0 to 6 points.

Criteria for the composition of the final grade

.

Exam language

Italiano