105.226 Insurance business management 1
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2023W, VO, 2.0h, 2.5EC, to be held in blocked form


  • Semester hours: 2.0
  • Credits: 2.5
  • Type: VO Lecture
  • Format: Presence

Learning outcomes

After successful completion of the course, students are able to

  • reproduce essential insurance-specific elements in connection with the economic theory,
  • demonstrate their understanding of the history of insurance and the insurance business,
  • define the concept and nature of insurance,
  • explain the economic basis and the significance of insurance,
  • explain the classification of insurance,
  • discuss the legal basis of insurance and insurance supervision,
  • describe the organizational structure of insurance companies,
  • explain the sales organization of the insurance companies including commission settlement,
  • describe the internal operating departments of the insurance companies, including premium settlement,
  • explain the processing of claims by insurance companies,
  • illustrate the insurance companies' capital investment, including the applicable regulations.

Subject of course

Theoretical Economics, History of insurance, Subjects and Essence of Insurance, Economic Basics and Significance of Insurance, Classification of Insurance, Legal bases of Insurance and Insurance regulation, Organisational structure of insurance companies, Sales organisation of insurance companies, Operations departments of insurance companies, Claims processing, Capital investments of insurance companies

Teaching methods

The basic contents and concepts are presented by the head of the LVA and illustrated and discussed with the help of examples.

Mode of examination




Course dates

Thu16:00 - 22:0005.10.2023 - 19.10.2023FH Hörsaal 3 - MATH .
Wed16:00 - 22:0025.10.2023FH Hörsaal 3 - MATH Achtung: Mittwoch
Insurance business management 1 - Single appointments
Thu05.10.202316:00 - 22:00FH Hörsaal 3 - MATH .
Thu12.10.202316:00 - 22:00FH Hörsaal 3 - MATH .
Thu19.10.202316:00 - 22:00FH Hörsaal 3 - MATH .
Wed25.10.202316:00 - 22:00FH Hörsaal 3 - MATH Achtung: Mittwoch
Course is held blocked

Examination modalities

The performance is assessed by an examination at the end of the semester.
See: https://fam.tuwien.ac.at/lehre/pr/


DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Thu16:00 - 18:0031.10.2024FH Hörsaal 1 - MWB written01.10.2024 00:00 - 24.10.2024 23:59TISSPrüfung 2024W

Course registration

Begin End Deregistration end
30.06.2023 00:00 30.10.2023 23:59 28.11.2024 23:59

Registration modalities

Anmeldung für Vorlesungsunterlagen und TUWEL-Zugang notwendig.


Study CodeObligationSemesterPrecon.Info
033 205 Financial and Actuarial Mathematics Mandatory3. Semester


Lecture notes for this course are available. They can be downloaded as PDF from http://www.fam.tuwien.ac.at/lehre/data/ (quite on top).
Additionally hardcopies of the slides of the lecturer will be provided at the lecture - please register as soon as possible in TISS for this lecture so that enough copies can be prepared.

Continuative courses