4004370: Private insurance

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Semester:WS 15/16
Scheduled in semester:3
Semester Hours per Week / Contact Hours:8.0 L / 6.0 h
Self-directed study time:54.0 h

Module coordination/Lecturers


Master's degree programme in Banking and Financial Management (01.10.2008)


  • Review of Insurance Products, Forms and Markets
  • Introduction to Life insurance
  • Occupational Pensions and Pension Funds
  • Pension Insurance Mathematics
  • Personal Insurance
  • The Role of Life Insurance in Estate Planning
  • Life Insurance Markets and Determinants of their Competitiveness
  • Location Advantages in Liechtenstein for the Life insurance and Pension Fund Market

Learning Outcomes

  • They are familiar with the various insurance products and forms
  • They have at their disposal comprehensive and integrated knowledge of occupational pensions, pension funds and life insurance and can describe the limits of each product
  • They are able to apply insurance mathematical methods for pension funds supplying examples
  • They are able to compare and critically evaluate on a case-by-case basis the advantages and disadvantages of the Liechtenstein life insurance and pension fund location with other markets
  • They have at their command the detailed knowledge and the critical understanding necessary to outline the role of life insurance in the case of estate planning
  • They master the methodical procedures to bring to bear on tax aspects in the complex area of pension plan decisions



Recommended reading:

  • Farny, D. (2006). Versicherungsbetriebslehre (4. Auflage). Karlsruhe: Verlag Versicherungswirtschaft.
  • Koch, P. /Holthausen, H. (2002). Versicherungslehre I (5. Auflage). Karlsruhe: Verlag Versicherungswirtschaft.


Lecture slides, exercises, sample questions will be available on Moodle

Exam Modalities

  • Written examination 70%


12.12.201509:00 - 14:30H4