3604370: Private insurance

Description

• Review of Insurance Products, Forms and Markets
• Introduction to Life insurance
• Occupational Pensions and Pension Funds
• Pension Insurance Mathematics
• Personal Insurance
• The Role of Life Insurance in Estate Planning
• Life Insurance Markets and Determinants of their Competitiveness
• Location Advantages in Liechtenstein for the Life insurance and Pension Fund Market

Learning Outcomes

• They are familiar with the various insurance products and forms
• They have at their disposal comprehensive and integrated knowledge of occupational pensions, pension funds and life insurance and can describe the limits of each product
• They are able to apply insurance mathematical methods for pension funds supplying examples
• They are able to compare and critically evaluate on a case-by-case basis the advantages and disadvantages of the Liechtenstein life insurance and pension fund location with other markets
• They have at their command the detailed knowledge and the critical understanding necessary to outline the role of life insurance in the case of estate planning
• They master the methodical procedures to bring to bear on tax aspects in the complex area of pension plan decisions

Literature

Recommended reading:

• Farny, D. (2006). Versicherungsbetriebslehre (4. Auflage). Karlsruhe: Verlag Versicherungswirtschaft.
• Koch, P. /Holthausen, H. (2002). Versicherungslehre I (5. Auflage). Karlsruhe: Verlag Versicherungswirtschaft.

Materials

Lecture slides, exercises, sample questions will be available on Moodle