Accueil > Introduction to the insurance industry

OFIN 2980A - Introduction to the insurance industry

Type d'enseignement : Elective

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English



Course Description

The objective of this course is to learn about the global insurance industry from an economic, regulatory and financial point of view. Insurance companies have developed a specific business model that makes them a key player in the overall economic landscape. Indeed, they offer their customers to relieve them from their many critical risks, e.g. Property loss, death, markets volatility. As a result, insurance companies are challenged by uncertainty at every step of the production cycle, e.g. pricing, investing, paying benefits. In a context of a moving economic and regulatory world, insurers have to manage risks and make decisions accordingly. During this course, students will discover the insurance industry, its various players and why insurance itself is essential for the continuity and growth of economies. We will then dive into the matter and while analyzing the differences between life and non-life insurance companies, students will notably have the opportunity to develop their analysis skills to pricing or investment allocation strategies, for instance. The course will also cover insurance companies risk management techniques such as assets / liabilities management and reinsurance. Finally, we will explore some underlying mathematical techniques used by actuaries at the various stages of the insurance production cycle.


  • AOUAM, Amal (Senior Manager, Mazars)
  • STRASSZER, Otto (Senior Manager, Mazars)

Pedagogical format

12 seminars of 2h by week (24h).

Course validation

Credits: 2. Continuous assessment grade.


An interactive learning format. Each class will contain lecture and cases.

Required reading

A collection of research, articles, text book and case studies to be posted online

Additional required reading

A list of suggested additional resources to be made available online