3804370: Private insurance

back to overview
Semester:WS 14/15
Scheduled in semester:3
Semester Hours per Week / Contact Hours:12.0 L / 9.0 h
Self-directed study time:51.0 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%


26.09.201409:00 - 12:15S4
27.09.201409:00 - 12:15S4
11.10.201409:00 - 12:15H4