Insurance Management

Innovative business models in property and asset insurance

Integrated course, 3.00 ECTS

 

Course content

On the one hand the theoretical component of business models and corporate strategy in the property and asset insurance sector is explained. On the other hand, the theory is illustrated by practical examples which are reflected and discussed by the students.

The core contents should comprise:
[1] General conditions for property and wealth insurance products in Austria;
[2] Business models: risk and distribution strategy;
[3] Differences in sales to private/commercial customers;
[4] Adaptation/redesign of business models in response to changed conditions;
[ 5] Case studies on innovative business models of composite insurers, single-line or specialty insurers, direct insurers.
Optional contents may include:
[6] Claims and benefit management in property and asset insurance
[7] Detection of insurance fraud and countermeasures; yield-related aspects;
[8] "Big Data" in the insurance sector;

Learning outcomes

Students will be introduced to strategic considerations regarding the development of existing business models and their further development.
The students have profound knowledge in the areas of development and design of business models, are familiar with the currently prevailing business models of property and asset insurance, know the functionality, product range, legal framework and other important aspects of property and asset insurance, are able to analyse business models and develop them further, are familiar with selected companies of the InsureTech sector and have detailed knowledge regarding operational risk management with insurance companies.

Recommended or required reading and other learning resources / tools

References: BDV (hrsg., 2011): Lebensversicherungen und Betriebliche Altersversorgung, VVW. Nguyen/Romeike (2013): Versicherungswirtschaftslehre, Springer. Schwarz (2013): Praxisleitfaden Betriebliche Altersvorsorge, Springer. Wiesemann (2001): Kennzahlen in der Privaten Krankenversicherung.
Academic journals: -

Mode of delivery

3 ECTS integrated course

Prerequisites and co-requisites

Module 10

Assessment methods and criteria

ILV: final exam, assessment of active course participation