The course introduces the theoretical and empirical concepts of modern finance that are relevant for risk management (RM). The course seeks to deepen the understanding of why risk management is beneficial by applying classic decision theory to investment and risk management problems. The course is also concerned with market risk, covering different measures of risk and return, as well as portfolio theory and common asset pricing techniques. Furthermore, concepts and instruments like derivative securities, hedging, and insurance are discussed.
- Учитель: Johannes Jaspersen
- Учитель: Leonard Külpp
- Учитель: Andreas Richter

- Учитель: Leonardo Covis
- Учитель: Leonardo Covis
- Учитель: Paulina La Bonte
- Учитель: Andreas Richter

- Учитель: Leonard Külpp
This course discusses how firms identify, assess, manage, and communicate risks across the organization. It introduces students to the foundations of Enterprise Risk Management (ERM) and shows how ERM supports strategic objectives and value creation for firms and stakeholders. It combines self-directed study, case-based classroom application, a risk management simulation, and direct interaction with industry professionals through company talks and corporate visits. Students also analyze a real company’s risk profile and reflect on how risk management is practiced in business settings. 

- Учитель: Leonard Külpp
This course provides an introduction of the economic foundations of the insurance business. Managerial questions along the value chain of insurance providers will be analyzed. Current developments will be explained and economic interrelation will be discussed. Among the topics to consider are institutional foundations, insurance regulation, insurance distribution as well as current issues like the digital transformation of the insurance sector and the handling of cyber risks.
Main Objectives
- Getting to know the central institutional characteristics of the insurance sector and their impli-cations for its management.
- Become familiar with the regulatory framework of the insurance business.
- Be aware of key developments and challenges arising from new technologies and risks and their economic significance for the industry.
- Учитель: Johannes Maier
- Учитель: Kerry Mccabe

- Учитель: Agustina Farias
- Учитель: Luca Galati
- Учитель: Leonard Külpp
- Учитель: Ralf Laschinger
- Учитель: Johannes Maier
- Учитель: Jialing Lin
- Учитель: Andreas Richter