(Re)Insurance in practice (in English)

Teaching results

Knowledge and understanding: After completing the course students will understand how the reinsurance industry operates and how reinsurance business organized, structured and governed. They are able to distinguish between a known insurance retail model and reinsurance concepts and specifics. They understand the nature of each line of business and various activities of the respective company units and departments. They gain insights into the internal processes such as financial handling of premiums, asset management and understand the importance of internal and external financial reporting practices.
Competence: Students are able to conduct independent risk analysis and suggest ways how the risks can be mitigated or eliminated. They can understand all the business related dependencies – internal (within the company entities, units and department) but also external (market developments, competitors, legislation, regulation etc.) They learn how to apply critical and strategic thinking in the daily practice and, acquire basics of commercial mindset.
Practical Skills: After successful completion of the course students can apply all theoretical knowledge in practice, understand the needs of reinsurance companies and their clients, define the basic features of the re-insurance products, propose and create innovative solutions.