Avainsanat

Osaamistavoitteet

This graduate course teaches students the principles of risk management in insurance companies. Requirements from Solvency II for European insurance companies are reviewed. Based on these minimum requirements the process of determining economic capital is taught. The students understand what kinds of risks are present in various insurance classes and how to manage those risks using state-of –art techniques. Especially, Value-at-Risk methods are applied to estimate the possible financial effect of risks. Various internal and external reporting requirements are summarized.

Sisältö

-What is risk management
-How to organize risk management function
-Concept of risk
-Economic capital
-Value at Risk – framework
-Credit and market risk
-Insurance related risks

Opetuskieli

Arviointi

Kirjallisuus/Oppimateriaali

1. Hull, J.: Risk Management and Financial Institutions. 4.painos. 2015 or newer.

2. De Weert, F: Bank and Insurance Capital Management. 2011 or newer.

3. Zweifel, P. - Eisen, R.: Insurance Economics. Springer 2012 or newer.

4. Other assigned material (if lectures will be organized).

Lisätietoja

Recommended year of study: 2. year in master's studies (for degree programme students). Electronic exam within academic year in a given periods.

It is possible that also lectures will be organized in some academic year in 2015-2018. See Teaching Schedules for more details.

Kokonaisuudet johon opintojakso kuuluu

2015–2016

Opintojakso opetusohjelmassa

Opetusohjelma ei ole enää voimassa. Tarkista tiedot voimassa olevasta opetusohjelmasta.

KATVRS52 Risk Management and Supervision of Insurance Institutions (syksyn ryhmä)

KATVRS52 Risk Management and Supervision of Insurance Institutions (kevään ryhmä)