Business Administration/Insurance

Degree programme

With 40 percent of private equity invested in a range of insurance products and given the importance of industrial risk insurance, the insurance branch is of central importance to the economy. Insurance professionals are true multi-talents, required as they are, to perform a variety of tasks ranging from client acquisition, sales, to customer care. The private insurance sector focuses on the provision of financial services in the area of savings, pensions and insurance coverage. Business Administration skills and branch-knowledge is a pre-requisite to success in this area.

Graduates of the Bachelor’s degree programme Business Adminis- tration/Insurance are highly sought-after in the industry. In addition to a comprehensive training in Business Administration for insurance purposes, they graduate with an intimate knowledge of the structures and processes of insurance companies and the legal context in which they operate. The course also focuses on marketing and sales for insurance purposes. The cooperative nature of the degree programme and the general emphasis placed on prac- tical training is rounded off by sales training - all aspects which optimize employability.

Professional field

The degree programme prepares its graduates to assume a range of middle management roles in all areas of the insurance industry: insurance companies, intermediaries, brokers and trade associations. This includes the management of departments, divisions, groups or projects, sales areas and agencies. This sector provides a wide range of opportunities; sales professionals act as the specialists for customer interaction, brokerage and sales and can also establish their own agencies. Graduates of this programme can also perform a wide range of further functions such as specialist advisers and claims adjusters and work in marketing and product design.

Degree structure

In addition to a generic Business Administration training (Business and Eco- nomics, Accounting, Law etc.) the foundation stage of the degree introduces students to the economic, legal and mathematical principles of the insurance industry and its specialisms. The specialist stage deals with selected issues of the insurance market in greater detail, including Management, (Risk Policy, Financial Management, Invoicing etc.) and Marketing. A further focus of this section is placed on Insurance Marketing in a company and agency context. Students can gather international experience within the scope of the practical phase.