Insurance Knowhow for Beginners

Daniel Sumesgutner

Seminar Profile

The business models of insurance companies are very different from other sectors. Both the production, sales and control processes as well as the products, the concepts and key figures used are characterised by sector specifics of the insurance industry.

Our seminar helps your employees to quickly understand the main topics and questions of the insurance industry, to be able to derive the relationships between the individual topics and to safely apply the essential concepts of the insurance sector.

The seminar is characterised by a high practical reference.

Target Group

Our seminar is ideal for young professionals or professionals from all organisational areas and hierarchical levels from insurance companies, brokerage houses and consultancy companies who have not absolved a study course with a focus on insurance.

Selection of Topics for the Seminar

  • Introduction to the Insurance Market: Key Figures, Short Overview of Insurance and Market Actors
  • The Insurance Business and the Underwriting Risk
  • Insurance Policy in the Insurance Company
  • Product Policy in the Insurance Company
  • Approaches to Reinsurance Policy
  • Basics Solvency II
  • Fundamentals and Challenges in the Insurance Industry
  • Value-oriented Control of the Insurance Company
  • Accounting and Analysis of Insurance Companies
  • Digitalisation Developments in the Insurance Industry

Example for a 2 Day Seminar for Newcomers

The first day of the seminar discusses the fundamentals of the insurance sector. An overview of legal forms, market characteristics, supplier structures and insurance savings is provided. Furthermore, the actuarial risk and its handling as well as the risk compensation in the collective and in the time are explained. In addition, approaches to product and price design as well as the foundations of reinsurance and sales policy are presented.

The second day focuses on the key management issues in the insurance industry. The fundamentals, functions and effects of Solvency II are outlined. Subsequently, approaches and levers for value-oriented management in the insurance company are explained. At the end of the second day, the fundamentals of accounting and the analysis possibilities of insurance companies are discussed on the basis of an annual financial statement and the calculation of the key indicators in the insurance industry is explained by means of examples.

Further Information

Of course, individual wishes and focus points can be taken into consideration when selecting topics. The dates for the in-house seminar are flexible.

At the end of the seminar, the participants receive a certificate of participation from HSBA Hamburg School of Business Administration.

The price per seminar day is 2,500€ plus VAT. The price includes the printed seminar papers as well as the travel expenses of the speakers.

The professional responsibility lies with Prof. Dr. Florian Elert:
Mr. Prof. Dr. Florian Elert holds the professorship for insurance management at HSBA Hamburg School of Business Administration and teaches insurance in various Bachelor, Master and MBA courses. He has also conducted insurance seminars for practitioners for many years, and has been lecturing on current challenges in the insurance industry at industry events.

All organisational questions can be discussed with Sabine Mauermann.

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