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Archived Curricula Guide 2015–2017
Curricula Guide is archieved. Please refer to current Curricula Guides
KATVRS52 Risk Management and Supervision of Insurance Institutions 5 ECTS
Organised by
Degree Programme in Business Studies
Insurance and Risk Management
Person in charge
Corresponding course units in the curriculum
School of Management
Curricula 2012 – 2015


Strategic themes: Internationalisation

Learning outcomes

This graduate course teaches students the principles of risk management in insurance companies. Requirements from Solvency II for European insurance companies are reviewed. Based on these minimum requirements the process of determining economic capital is taught. The students understand what kinds of risks are present in various insurance classes and how to manage those risks using state-of –art techniques. Especially, Value-at-Risk methods are applied to estimate the possible financial effect of risks. Various internal and external reporting requirements are summarized.


-What is risk management
-How to organize risk management function
-Concept of risk
-Economic capital
-Value at Risk – framework
-Credit and market risk
-Insurance related risks

Teaching language


Modes of study

Option 1
Available for:
  • Degree Programme Students
  • Other Students
  • Open University Students
  • Doctoral Students
  • Exchange Students
Written Exam  Written exam 
In Finnish

Written exam.

It is possible, that also lectures will be organized in some academic year 2015-2018.


Numeric 1-5.

Study materials

1. Hull, J.: Risk Management and Financial Institutions. 4.painos. 2015 or newer.

2. De Weert, F: Bank and Insurance Capital Management. 2011 or newer.

3. Zweifel, P. - Eisen, R.: Insurance Economics. Springer 2012 or newer.

4. Other assigned material (if lectures will be organized).

Further information

Electronic exam within the academic year in a given periods.

It is possible, that lectures will be organized in some academic year 2015-2018. See Teaching Schedules for more details.

Belongs to following study modules

School of Management
Optional studies (Insurance)
School of Management
School of Management
Archived Teaching Schedule. Please refer to current Teaching Shedule.
School of Management