The Institute of Insurance Economics –
A Quick Overview

The Institute of Insurance Economics celebrates another year of accomplishments. With the help and support of our partners, we were able to consolidate our position as one of the leading institutions in the fields of insurance economics and risk management worldwide. The cornerstone of our success continues to be the fusion between academic and applied research, complemented by scholastic teaching and executive education. 

Who we are and what we do

The Institute of Insurance Economics – as part of the University St. Gallen – was founded 65 years ago as an independent centre of competence for research, education and consulting in the field of insurance economics and risk management. Our focus lies on the engagement in academic and applied research. We continuously work on the latest topics in the field of insurance economics and risk management and, in addition, provide our clients with practical studies, market analyses and expert opinions. In addition, and very importantly, we teach students in our field of expertise and thereby secure new generations of qualified employees and scientists.

Highlights of 2014

2014 was a busy year for our institute. We have published a series of papers in academic journals, continued our teaching and executive education programmes and participated in various conferences around the world, where we presented and discussed our work. At the beginning of September, our institute hosted the annual meeting of the European Group of Risk and Insurance Economists (EGRIE), one of the most important conferences on risk management and Insurance worldwide. Moreover, the annual meeting of the institute took place in the newly built Allianz Auditorium in Munich under the title «Zurück in die Zukunft? Neue Geschäftsmodelle für die Assekuranz» and received a lot of attention from academicians and practitioners alike. During the year the institute has also found a new home, as we moved our headquarters to Tannenstrasse 19. 

Research

The core activity at the Institute of Insurance Economics is represented by academic research. Current research topics at the institute evolve around the aspects of regulation efficiency, cyber risk, insurance pricing, liability of insurance pools, customer segmentation and willingness to pay, development of distribution channels and consumer behaviour, as well as aspects regarding the assessment of performance in the insurance industry. We have continued to present the results of our research at conferences and to publish them in internationally peer-reviewed (A and B ranked) journals.

We have also kept a close relationship with insurance practice  through our studies and projects. In the past year, we conducted a number of interesting studies for our clients, among others

  • «Cyber Risk: Risikomanagement und Versicherbarkeit»
  • «Industrialisierung der Assekuranz in einer digitalen Welt»
  • «Mindestquote der Lebensversicherer im Bereich der 2. Säule»
  • «Energiestrategie 2050 – Evaluierung der schweizerischen Risikolandschaft»
  • «2050 Megatrends – Alltagswelten / Zukunftsmärkte»
  • «Die Rolle von Social Media im Kaufentscheidungsprozess»

Teaching and Executive Education

In 2014, the Institute of Insurance Economics conducted 20 courses and seminars on bachelor, master and Ph.D. level. In total, around 250 students participate in our insurance and risk management related courses each semester. In the field of executive education, more than 150 workshop days – including many intra- and extra-company projects – were completed in 2014. Our events were attended by about 300 executive managers from the financial services industry in 20 countries.

Finances

The Institute of Insurance Economics generated revenues of CHF 5.2 million in 2014. The major revenue streams of the institute are projects with practice partners (market research, expert opinions and executive education) and contributions from the «I·VW-Forschungskreis» and the «Gesellschaft zur Förderung des I·VW». Approximately 1.5 % (around 10 % when including the Chair of risk management and Insurance and the Chair of Insurance Management) comes from infrastructure contributions from the University of St. Gallen. 

Thank You

We would like to seize the opportunity to sincerely thank our collaborators for their generous support and trusting cooperation:

  • The Members of the «Fördergesellschaft» and of the «I·VW-Forschungskreis»
  • Our customers
  • Our students
  • Our employees
  • And all our friends of the Institute of Insurance Economics at the University of St. Gallen

For the I·VW-Team: Hato Schmeiser, Martin Eling, Walter Ackermann, Peter Maas

© Copyright 2015 Institut für Versicherungswirtschaft – I·VW-HSG – Universität St.Gallen, Tannenstrasse 19, 9000 St.Gallen / Schweiz