ECONOMICS AND MANAGEMENT OF INSURANCE COMPANIES

Course objectives

The course aims to provide the knowledge and skills on the complex functioning of insurance company. In particular, the course aims to analyze the different phases of the insurance business, paying attempion on the risks, the related risk management principles and techniques and, at last, the ground rules for good governance as a complete system composed of functions and rules used by regulators. - Knowledge and understanding At the end of the course each student will acquire knowledge of the organizational aspects and of the legal requirements insurance intermediaries must comply with when pursuing their activity. - Applying knowledge and understanding Students will be able to apply the knowledge acquired to the search for appropriate solutions to the most frequent problems facing insurance undertakings. - Making judgements Students will acquire tools for critical assessment and autonomous judgment of the insurance management problems examined. - Communication skills Students will be able to interact and communicate, using appropriate technical terms, with every counterpart having extensive knowledge of insurance issues. - Learning skills Students will be able to acquire the necessary skills and knowledge to further study insurance and, more in general, financial mediation.

Channel 1
FABRIZIO SANTOBONI Lecturers' profile

Program - Frequency - Exams

Course program
- Financial and insurance markets and institutions - Management, assessment and control - Insurance risks and financial risks. - Risk Management of Insurance Undertakings - Financial statements of insurance undertakings - Supervision of insurance undertakings - Solvency II
Prerequisites
In order to be able to understand the issues present in the "Economics and Management of Insurance Companies" Course, it is recommended the deepening of the following themes: - functions of the financial system - role of financial intermediaries - role of insurance undertakings within the Financial System - role of regulation and supervision
Books
Santoboni F., (a cura di), (2025), Manuale di gestione assicurativa. Regolamentazione, Management, Bilancio e Distribuzione, Wolters Kluwer, Milano.
Teaching mode
In addition to the teacher's lectures are scheduled: • working groups and discussions of case studies with representatives of the financial sector; • lessons / tutorials; • business workshops.
Frequency
Class attendance is optional
Exam mode
The written test aims to verify the student's knowledge on the functioning of the insurance system. The written test is carried out during the scheduled examination dates. The written test includes multiple choices questions, open-ended questions and resolution of exercises. Each different types of question and exercise is scored in thirtieths according to the relative complexity.
Bibliography
VINCENZINI M., TREQUATTRINI G. L., (eds), (1999), Profili di innovazione istituzionale (Il rapporto Banca/Assicurazione), Cedam, Padova.
Lesson mode
In addition to the teacher's lectures are scheduled: • working groups and discussions of case studies with representatives of the financial sector; • lessons / tutorials; • business workshops.
  • Lesson code10600123
  • Academic year2025/2026
  • CourseFinancial institutions, international finance and risk management
  • CurriculumBanking and Finance
  • Year1st year
  • Semester2nd semester
  • SSDSECS-P/11
  • CFU9