JEM235 - Traditional and Alternative Risk Transfer in the Insurance Sector

Credit: 3
Status: Masters - all
MEF - elective
Semester - winter
Course supervisors: prof. Maurizio Pompella
prof. PhDr. Petr Teplý Ph.D.
Course homepage: JEM235
Literature: Pompella M. - Scordis N., The Palgrave Handbook of Unconventional Risk Transfer, Palgrave MacMillan, 2017 (selected chapters).
Pompella M. – Matousek R., The Palgrave Handbook of Fintech and Blockchain, Palgrave MacMillan, 2021 (selected chapters).
Pompella M. – Costantino L., Financial Innovation and Technology after COVID-19, a few directions for Policy Makers and Regulators in the view of old and new disruptors, EKONOMIKA, 2021, 100(2), pp. 40-62.
Pompella M. – Costantino L., ESG Disclosure and Sustainability Transition: A New Metric and Emerging Trends in Responsible Investments, 13, TalTech Journal of European Studies, Tallinn University of Technology, 2023, Vol. 13, No. 1 (37).
Description: A compact course taught in WS AY 2023/24 scheduled for 26 and 27 September 2023. The course will be opened for student´s registration till 22 September 2023.

This 2-day course provides basic principles of unconventional risk transfer in insurance. It also discusses the main challenges financial intermediaries have to deal with currently such as disruptive technologies and the way to a sustainable development. Basic knowledge of statistics and risk management is recommended.

Detailed schedule:
Day 1 (4.5h)
From Unconventional Risk Transfer to Global Financial Crises
- Traditional vs Financial Reinsurance, and Unconventional Risk Transfer
- Pure Risk Management for Businesses: Market solutions and Alternative Risk Transfer
- Finite Reinsurance, multiline / multiyear / multitrigger products
- PR Securitization and ILS (Insurance Linked Securities), Contingent Capital, Catastrophe Bonds
- Life Insurance Securitization.
- Global Financial Crises, Financial Innovation, and New Technologies
- Financial Innovation, Structured Finance, and Global Financial Crises
- How COVID 19 changed the world

Day 2 (3.5h + 1.0h Final Test)
Financial Intermediaries new Challenges: Fintech, New Green and Sustainability
- The third wave of ICT and Financial Intermediation: Fintech and Blockchain
- New Paradigms and Disruption
- ESG and New Trends to Sustainability, the role of Financial Intermediaries
- Physical and Transition Risk
- ESG compliance and Transition Costs
- ESG reporting and disclosure
- Climate Fintechs and Responsible Investment


Česká Spořitelna


Patria Finance