mirm
Master in Insurance & Risk Management
future r u o y e r u ins
Contents MIB School of Management
2
Campus
3
Master Programmes
4
Trieste and the world of insurance
5
Master in Insurance & Risk Management
6
Calendar
8
Teaching Team
9
Curriculum
10
The MIRM Experience
12
Teaching methods and approach
13
Outdoor Training
14
In-the-field Projects
15
Company workshops and international study tours
17
MIRM Events
18
Company Relations
19
Career Counselling
20
Career Opportunities
21
Participants and Selection Process
22
Tuition fees, scholarships and living expenses
23
A typical day at School
24
Alumni Association
25
Trieste: in the heart of Europe
26
Extra Curricular Activities
28
At MIB, we believe in the need to help the best talents express their true value, to develop leaders, and to bring out the values of excellence and true meritocracy. MIB is not merely a centre for research or just another place that turns out managers. MIB School of Management is an incubator of ideas and knowledge, a manufacturer of leaders, a laboratory for the global economy as a whole. Trusting in this prestigious institution means investing in the thing of greatest value: human capital. MIBÂ’s programmes are of the highest quality and are totally focused on real business needs. But the true test of any strategy is the marketplace itself, and we take some pride in the fact that MIB graduates are in great demand, both in Italy and abroad, and that their skills are much appreciated even in the most sophisticated and competitive international contexts. Companies value their professional training, the intensity of their commitment, their ability to work for the team, and their profound sense of ethics. Enrico Tomaso Cucchiani Chairman MIB School of Management Board Member, Allianz SE Managing Director, Allianz S.p.A.
It is thanks to the quality and international outdoor of its faculty, the stimulating learning enviroment, the diverse national and cultural backgrounds of its participants, the solid links to its partner firms and the business community at large that MIB School of Management has earned over the years a strong reputation as centre of exellence and one of the most prominent management training istitution both at national and international level. At a time when the insurance and financial sectors have to tackle the challenge of global competition and change, there is a need for executives endowed with innovative skills, able to combine a profound knowledge of insurance products and markets with high managerial skills. MIB School of Management is proud to be the partner for individuals prepared to accept these challenges and invest with commitment and determination in their own future.
Vladimir Nanut Dean MIB School of Management
2 MIB School of Management
Member of
The School was founded in 1988 as a consortium: its members and associates include important European university institutions, major Italian companies and top-ranking economic organisations. The partners of MIB School of Management play a fundamental role both in the governance of the School and in supporting educational activities, bringing in know-how, experience, financial contributions, demand for training, as well as scholarships, opportunities for internships, project work and placements for participants in the Master and Specialisation courses. Equally significant are the partnerships and operational collaboration on specific education and research projects that enable the partners to integrate their respective resources and competencies and to achieve such important quality and prestige goals.
INTERNATIONAL EXCHANGES Bordeaux School of Management (Bordeaux, France) CUFE - Central University of Finance and Economics Business School (Beijing, China) EADA - Escuela de Alta Dirección y Administración (Barcelona, Spain) EOI - Escuela de Negocios (Madrid, Spain) IEDC - Bled School of Management (Bled, Slovenia) IMISP - International Management Institute (Saint Petersburg, Russia) Lingnan College, Sun Yat-sen University (Canton, China) Rollins College, Crummer Graduate School of Business (Florida, USA)
3 Campus
The School is located in one of the most prestigious historical buildings of Trieste, Palazzo Ferdinandeo, built in the second half of the 19th century in honour of Emperor Ferdinand I of Habsburg. The Palazzo is situated in a leafy part of the city, a short walk from the park of Villa Revoltella; recent restructuring has made it one of Europe s most functional and up-to-date education centres. It houses sophisticated teaching tools and the most advanced technology applied to learning processes: from wi-fi coverage to Bloomberg database access and to the e-Learning FirstClass platform, from simultaneous interpreting to the internal video streaming system.
The location of the Palazzo, its architectural beauty, its imperial charm, its technical facilities, support services, the staff s openness and attention, and the quality of participants are all elements that make the atmosphere of the MIB School of Management unique. The School also has a fully equipped Executive Centre, located in Capriva del Friuli, in the heart of the Collio region. The 19th century stately home of Villa Russiz hosts the MBA in Wine Business and the renowned vineyard of the same name.
The classrooms and large conference hall are connected by a cable broadcast system, which via the network effectively transforms the School s teaching areas into a huge single multimedia classroom. The School has a 200 seat conference hall, a library, reading room with specialist periodicals, computer rooms, bar-cafeteria, self-service restaurant, living room and garden. Villa Russiz
Palazzo Ferdinandeo
4 Master Programmes
MIB School of Management offers a wide range of master programmes. MBA in International Business
Executive MBA (EMBA)
International Master in Tourism & Leisure (IMTL)
EXECUTIVE MASTER IN WINE BUSINESS
A full time MBA aimed at Italian and foreign graduates that provides general corporate management training from an international perspective. The programme offers a broad spectrum of inputs that runs from basic managerial competencies to the most relevant and topical issues in global management.
The IMTL is a specialist course open to young graduates in any subject with a strong orientation to the tourism sector. IMTL provides participants with the management skills needed by professionals throughout the tourism industry (tour operators, hotel chains, travel agencies, tourist promotion boards and commercial fairs).
The Executive MBA programme has been specifically developed for managers who need to improve their career opportunities while continuing to work. Participants expand their managerial skills during their MBA degree through an innovative mix of face to face and distance learning.
The first Master in Business Administration for wine sector operators in Italy. The training approach adapts classic managerial tools to the wine business sector. The programme is designed specifically to be applied directly to participantsÂ’ current roles.
5 Trieste and the world of insurance
Trieste is the perfect home for the MIRM, as the insurance industry has always played a major part in the local economy. Some of the leading companies of Italy and Europe were founded here, like RAS (Allianz Group), and have their headquarters in the city, including Assicurazioni Generali and Lloyd Adriatico (Allianz Group). With its early vocation in the sector, the presence of important academic institutions in actuarial and insurance studies, and the cityÂ’s Central European and international culture, Trieste is the ideal location for the Master in Insurance & Risk Management.
"Insurance companies can only excel if they succeed in being at the frontiers of knowledge in every professional task they undertake. The MIRM provides the skills to meet these challenges."
Generali
Lloyd Adriatico
Giovanni Perissinotto C.E.O., Assicurazioni Generali S.p.A.
Ras
6
The Environment
Master in Insurance & Risk Management
In todayÂ’s market conditions, characterised by global competition, insurance groups face many challenges and opportunities for growth. Companies have now to design and introduce into the market products that offer something new. They have also to develop alternative distribution channels, ensure ever-higher standards of service for their customers and create more effective means of communication. Insurance groups have new opportunities for growth in the form of investment funds, pension funds and other types of pension investment. The Master in Insurance & Risk Management (MIRM), organised by MIB School of Management in collaboration with some of the most important players in the insurance and financial sector, represents an effective response to these new requirements for specific skills. Proof of this programmeÂ’s high level of quality is the prestigious accreditation from ASFOR (The Italian Association for Management Education Development); it also enjoys the patronage of I.R.S.A. (Institute for the research and development of insurance), A.I.D.A. (International association of insurance law), A.RI.M.AS. (Academic Risk Management Association), A.N.I.A. (National Association of Insurance Companies) and CINEAS (Academic Consortium for Engineering in Insurance).
Objectives The approach of the MIRM programme is directed towards the future. The chief objective of the Master programme is to train candidates to meet the different and ever-changing needs of companies in the insurance and financial sector, in terms of both innovative knowledge and management skills. From this point of view, its aim is the overall development of the individual, so participants will be able to use the vast range of tools that are indispensable in this highly technical sector, and which can increase the individual skills needed for a managerial career.
The constant integration between specialised knowledge and a managerial vision of business is one of the distinguishing features of the MIRM, which fits in midway between a Master of Science (M.Sc.) and an MBA programme. Our aim is to train individuals able to use effectively insurance techniques and instruments of risk management from the standpoint of overall business management and development. Ermanno Pitacco Academic Director, Master in Insurance & Risk Management The Master programme has been designed with our sponsor and partner companies to develop skills needed to tackle the challenges of the insurance and financial sector with success. Motivation, involvement and leadership are blended in the training process with skill, techniques and ability. It is a fascinating, brilliant experience. I sincerely hope to have the pleasure of welcoming you to our school as a candidate for the Master in Insurance & Risk Management programme. Federica Seganti Programme Director, Master in Insurance & Risk Management
8 Calendar
The Master is full-time course lasting 12 months from January to December. The course is divided into three distinct phases:
CLASS ACTIVITIES January - August
The first part of the course provides for rapid learning of basic knowledge through the use of different teaching methods, and subsequent closer study of the most modern and sophisticated management models. In particular, specialised subjects are developed with the contribution of numerous company testimonials and case studies. The hands-on approach involves participants in group activities and in-the-field projects. The leading Italian insurance companies host MIRM participants for a variety of interesting workshops and company visits. Students also have the opportunity to participate in motivating international study programmes, normally in Munich and London, the hubs of European finance. Together with the other Masters courses, a variety of elective activities are also organised.
PROJECT WORK, INTERNSHIP, INTERNATIONAL EXCHANGE PROGRAMMES September - November
The second phase of the course focuses primarily on writing up the final project. During this phase, students are given the opportunity carry out a period of internship with our sponsors or other partner firms. The school regards this phase as a particularly important one for the participants. Through direct work experience, interns have the opportunity to verify first-hand the knowledge they have acquired, thereby developing a more mature attitude towards the real business world. As an alternative to the internship, participants can choose to spend part of their study course abroad in a country they believe is particular interesting to their learning and career objectives.
FINAL EXAM AND GRADUATION DAY December
The final phase sets out the discussion of the project work before the SchoolÂ’s Academic Committee, company tutors and selected representatives of the companies promoting the course. The Master concludes with the solemn awards ceremony in the prestigious conference hall of Palazzo Ferdinandeo.
9 Teaching Team
The faculty offering the MIRM programme comprises university lecturers, managers, professional educators, consultants and experts with a wide reputation in their various fields and offering great experience.
Division of total amount of class hours for each teaching team group on average
Top Management 16%
The course stands out from others for the considerable weight given to teaching by experts from the insurance and risk management sectors, who bring to the classroom their significant, realworld experience. Most of these experts hold senior positions in leading companies within the sector. The MIRM also makes use of the collaboration of important corporate universities such as the Generali Group Innovation Academy and the Lloyd Academy. On our web address www.mib.edu/mirm you can find the complete list of our teaching team.
Internal Faculty and Visiting Professors Managers, Professionals & Consultants 29%
55%
10 Curriculum
The Master in Insurance & Risk Management offers an unusual and original approach, combining a specialisation in insurance and financial matters with a business approach based upon the latest management models. The MIRM is divided into three broad thematic areas that are explored over the course.
INSURANCE
The Insurance Area aims mainly to present insurance products in all different aspects and approaches. The initial phase involves the theoretical part, which helps the understanding of the technical characteristics of products, but also aids the understanding of the particular features of the insurance business. Attention then shifts to the insurance products with the hands-on approach, both in the field of insurance and reinsurance. Topics covered include: Insurance technique life and non life Property and Casualty Insurance Life Assurance Pension and health funds Insurer s risks and solvency Reinsurance
RISK MANAGEMENT
This area aims to provide an overview of issues regarding risk management in a variety of sectors. The goal is not only to provide the participants with the most widespread management tools, but above all with risk management strategies and policies. In-depth studies concerning issues of risk management in financial services, especially in insurance companies, are presented. Topics covered include: Objectives and tools of risk management Company risks identification, control, prevention and transfer Strategic risk management Market, operating and credit risk Financial risk management Asset and liability management (ALM)
For more detailed programme visit our web address www.mib.edu/mirm
11 ___Curriculum
INSURANCE COMPANY MANAGEMENT
This area is the most decidedly managerial of the MIRM programme. Many subjects concerning the insurance industry are tackled so as to present the various facets of a very specific area. Particular emphasis is given to the development of what are traditionally viewed as management skills and competencies. Great attention is paid in this direction to the development of soft skills. Topics covered include: Insurance and reinsurance markets Organisational structure and insurance groups design Strategic management and corporate governance Financial accounting Management control Finance Insurance marketing and sales network management Personal development Human resources management Re engineering of insurance processes and information technology Change management Regulatory framework
12 The MIRM Experience
"Participation in the MIRM programme is an opportunity not only to come in contact with the latest developments in the financial world and to focus on solutions to challenging issues, but also to develop your character and gain greater selfconfidence, while spending an exciting year with people who will become a part of your closest personal and professional circle." Stanislav Sirakov Head of Complex Desk Department Allianz Bulgaria Holding MIRM 2005
The Master programme was a life-changing experience for me, not just professionally, but above all in terms of my very being. It provided me not only with the technical and specialist skills I needed, but also gave me greater self-confidence. I learned to work in groups and in an exciting, international environment. Stefania Brandani Actuary B&W Deloitte MIRM 2005
MIRM is an effective means of facing the enormous complexities of the worlds of finance and risk management. During my year in Trieste, I was able to grow both professionally and as a person thanks to the great many guest speakers, the excellent faculty, and the valuable life experiences that the course provides. The union of these elements is the key to the MIRM development experience, which its participants are then able to turn into real competitive advantage in the workplace. Pasquale Nicastro Head of Market Risk Department MPS Banking Group MIRM 2001
The excellent method adopted in managerial training leads to the development of an ability to listen and to understand those with whom one works. As a result of the experience gained during the internships, the MIRM offers an exceptional investment for anyone aspiring to a managerial role in financial companies generally and in the insurance industry above all. Stefano Decarli Assistant to General Manager Allianz Group MIRM 2002
13 Teaching methods and approach
The special teaching approach adopted by the School is certainly one of the unique elements of the Master in Insurance & Risk Management.
From knowledge to competence
The objective of the course is to mould participants so that they can easily adapt methodological rigour to companies' practical requirements. The teaching methods of the MIRM aim to meet labour market needs, promptly noted thanks to the privileged relationship of the course with insurance companies.
Hands-on Approach
Through the direct involvement of sponsor and partner companies, it has been possible to set an effective process for the improvement and revision of the programme, in order to meet the business needs. The didactical activity directed by lecturers and testimonials constitutes only one, albeit important, part of the learning process for the participants of the MIRM course.
Other fundamental features of the teaching methods adopted by the MIB School of Management are: Outdoor Training Action-learning In-the-field projects Case studies and business games Company workshops Internships Elective courses
Personal Development
Great importance is also given to the development of the soft skills needed to bring out the potential of each person. So the stress on doing - which itself represents a clear difference between training at a Master s level and an academic training - is further strengthened and complemented by a stress on being; on the development of a manager s more personal ability, comprising communicative, relational, cross-cultural and leadership skills.
14 Outdoor Training
One of the key elements for today's managers is the ability to work in teams and create added value from them. This aspect is even more important when these groups are multicultural, interfunctional and geographically dispersed.
Team Building
MIRM puts strong emphasis on teamwork right from the start of the course with an outdoor training session for the whole course. This is aimed at icebreaking and setting the foundations for teambuilding within working groups. The basic format revolves around simulation exercises which test creativity, problem-solving, communication, leadership and trust-building skills.
The first section is dedicated to exploring the resources and weaknesses within individual working groups in these areas while the second section introduces an element of competition between the groups. Since all of the training takes place in locations outside Trieste, the experience is intense and constant - learning comes not only through the exercises and feedback but also through informal moments such as mealtimes. The result is an exhausting but rewarding introduction to new colleagues and the challenges of team work.
15 In-the-field Projects
Knowledge Centre
Responding to the precise expectations of the sponsor companies, MIRM has set the strategic goal of creating a “knowledge centre” in the insurance and risk management sector, recognised at the Italian and European level. For this reason, besides training activities, the School is strongly committed to research activities, carried out in collaboration with leading companies. MIRM Staff carries out some of these important researches and studies together with participants, so working groups are asked to apply insurance techniques, instruments of risk management and management tools to specific projects.
Real Consulting Projects
Thanks to the methods used, the support offered by the faculty and the nature of the information resources and technology used, these projects can be considered as true consulting projects that benefit sponsor and partner companies.
Examples: A field project on competitive analysis of the insurance industry and on enterprise-wide risk management for insurance companies in Italy has been developed with PriceWaterhouseCoopers Advisory. Participants gained an overview of the insurance industry in terms of competitive dynamics, main players, insurance products, distribution channels and key financial performance indicators. The goal of the project was the analysis of the solutions adopted by insurance companies in the field of risk management for investments, life and non life insurance, risk integration and capital allocation.
In 2006, with the invaluable support of the Research Department of Assicurazioni Generali, we have begun developing a permanent observatory of the leading European insurance groups. The main phases of the study are: 1. financial analysis of the insurance groups based on available information; 2. strategic analysis; 3. comparative analysis of the insurance groups; 4. role playing the presentation of results to an audience of potential institutional investors.
17 Company workshops and international study tours MIB School of Management is an international business school thanks to its worldwide relations, its international faculty, its participants from around the world, and its collaboration with global business partners. MIRM, one of MIBÂ’s international programmes with 40% of the students and 20% of the faculty coming from outside Italy - promotes many international activities: elective courses, seminars, conferences, and relations with other business schools.
International Study Tours
Two main international missions are organised, one in Munich and the other in London, during which company visits and seminars at other business schools are planned.
Workshops
Company visits are designed to give participants an understanding of a company from the inside and create business contacts which may prove useful in the future. Then a number of company workshops are run for in-the-field examination of topics linked to insurance and risk management in the industrial and financial sectors.
Some companies and institutions involved in the workshops & study tours: Allianz Assicurazioni Generali Audi Cass Business School - City University Citigroup Goldman Sachs illycaffè Lloyd Adriatico Assicurazioni Lloyd’s of London MARSH - London Unipol Assicurazioni
18 MIRM Events
The MIRM staff organises workshops and roundtable discussions on the most topical and on all the latest issues in the insurance and financial world. These events are both an excellent opportunity for students to have direct, interactive contact with the business world, as well as a chance for experts to meet and exchange ideas and experiences. Past events: SOLVENCY II: PRUDENTIAL CONTROL, RISK MANAGEMENT, GLOBAL COMPETITIVENESS INVESTMENT STRATEGY IN A LATE ENVIRONMENT MODELLING MORTALITY DYNAMICS FOR THE PENSIONS AND ANNUITY BUSINESS THE FUTURE OF PENSIONS AND OCCUPATIONAL FUNDS ENTERPRISE WIDE RISK MANAGEMENT IN THE INSURANCE SECTOR
For the latest information on the events organised by the MIRM staff, visit our web address www.mib.edu/mirm
In the section on MIRM productions, you can find the various studies conducted, the latest list of all events as well as event documents.
19 Company Relations
The collaboration between MIRM and sponsor and partner companies begins with the
SELECTION PROCESS representatives of the
companies work with the staff in choosing the finest profiles for the programme providing
SCHOLARSHIPS the School is able to provide a sizeable number of scholarships thanks to the financial contribution of the sponsor companies
STEERING COMMITTEE
In particular one of the special features of the MIRM is the support provided by its steering committee, which, in addition to the MIRM staff, brings together representatives of the historical sponsor companies. The steering committee meets usually once a month, thus allowing the continuous exchange of opinions and the indication of needs between the course and sponsor and partner companies -
continues during
CLASS ACTIVITIES many company testimonials are involved in the class activities to bring the direct knowledge and experience gleaned in their companies, in the form of case studies, company workshops, seminars, roundtables and in-the-fields projects and
INTERNSHIP sponsor and partner companies
act as guides for the project work and effect a close evaluation of participants, with a view in part to the subsequent placement process, and finishes providing
PLACEMENT most MIRM graduates quickly find
a position in the companies collaborating in the programme.
NETWORKING
The steering committee is the core of a highly effective network in which the committee members work on an ongoing basis with the course staff in order to both strengthen relations with existing companies and to involve new ones in MIRM activities. This constant support is a great help to the staff both in classroom activities and in organising conferences and roundtable discussions on the latest issues with the participation of leading industry players.
20 Career Counselling
The main objective for MIRM s participants is to improve career prospects.
Career guidance support is available for participants throughout the year through a combination of:
Career Orientation Service Office
One-to-one interviews and career orientation aptitude tests.
Through the Career Orientation Service activities, the School is able to develop personal and professional competencies which are in line with the requests of target companies. The Career Orientation Service plays a role throughout the course, from selection process to internship period and subsequent placement.
Career Choices
During the course a series of activities enable each participant to optimise career choices like: specific panels and seminars with professionals and company presentations. These sessions provide participants with useful information on labour market trends and help them identify career opportunities in line with their goals and abilities.
Training on recruitment procedures. Assistance in defining the most effective strategy to achieve career objectives. Individual coaching on career choices. Lectures and personalised counselling on cover letters, résumé and job interviews. Mailing of résumés (CV book) to sponsor and partner companies. Organisation of individual job interviews between participants and recruiters.
21 Career Opportunities
Numerous new career opportunities are developing in the field of insurance and risk management, demonstrating the recent diversification and constant growth of the sector. Insurance, finance and industrial companies are looking for highly qualified people to develop appropriate strategies to protect firms from financial and operational risks. The MIRM staff provides guidance in targeting positions based on function, sector, company typology and geographical location aiming to fulfil both participantÂ’s attitude and companiesÂ’ needs.
PLACEMENT RESULTS
Only 3 months after the end of the course, over 90% of graduates had found a job position in line with their aspirations. However our career service receives a high number of job offers: we are able to satisfy only 60% of them. This demonstrates the high and rising interest shown by the business world for our graduates.
MAIN RECRUITERS: Antonveneta Assicurazioni Aon Assicurazioni Generali Aurora Assicurazioni Banca di Credito Valtellinese Banca Generali Banca Intesa Banca Nazionale del Lavoro Capgemini Italia Desio Vita Ernst & Young Fincantieri GAN Assicurazioni Generali Asset Management SGR Key Partners KPMG Lloyd Adriatico Assicurazioni Marsh Monte dei Paschi Life PricewaterhouseCoopers Prometeia Q8 RAS Unipol Unisalute Assicurazioni Unisys Vittoria Assicurazioni Willis
22 Participants and Selection Process
WHO CAN APPLY
The aim of the School is to attract brilliant candidates with a clear orientation towards a managerial career, graduated preferably in economics or in a technical subject, wishing a fruitful career development. The MIRM course is intended both for young graduates with no work experience and those who are more experienced. As such, MIRM sets the goal not only of educating graduates to enter the national and international labour markets, but also of preparing young people already employed, ready to return to their own firms after a significant educational experience.
HOW TO APPLY
The process begins when the candidate fills in the on-line application form, that can be found at www.mib.edu . The form is intended to gather biographical information about the candidate and stated motivation for applying to the programme.
SELECTION PROCESS
Successful candidates will be invited to the School for taking two written tests and a motivational interview. Interviews are carried out together with representatives of sponsor companies, providing support to the course staff in the choice of candidates and the awarding of scholarships.
The selection process may also be carried out remotely, so international candidates may ask to be selected in their own country without coming to Trieste.
23 Tuition fees, scholarships and living expenses
The tuition fees for the MIRM are 15,000 (excluding 20% VAT). Fees include: Core course and seminars Teaching materials Transport and lodging during company workshops
TYPICAL CLASS PROFILE:
Access to computers and Wi-Fi Internet
Average number of participants
23
Average Age
28
Access to Bloomberg database Career counselling
Scholarships
The School is able to provide a sizeable number of scholarships thanks to the financial contribution of the MIRM s sponsor companies. The scholarships are awarded on the basis of the School s evaluation and in accordance with the specific indications provided by the companies offering the financial support. Living expenses in Trieste vary greatly according to individual standard of living. Monthly expenses such as food & lodging and transport are about 550. Obviously, budgeting will need to take into account any extras an individual may feel necessary.
Males
68%
Females
32%
Average years of working experience
2.17
International Participants
39%
University Background on average: Economics & Business
50%
Statistics and Actuarial Sciences, Mathematics
22%
Science/Engineering
18%
Law/Political Science
10%
24 A typical day at School
Lunchtime is coming! We feel the scent of the various kinds of pastas. Let s go to have lunch. Una lasagna, una insalata, cinque e cinquanta, buon appetito
Zsolt Nemeth MIRM 2005
Bus no.11 wends its way to Palazzo Ferdinandeo with three Hungarians aboard, among them me. All of us are daydreaming about the study-tour we took in Munich a couple of days ago. But we have no time to let our imagination run too far, because at the next stop the some other MIRM guys are taking the same bus, and the never-ending story starts again. How was the presentation ? Do you remember when .? Did you finish the project work ..? In a few minutes we arrive at the prestigious MIB School of Management building, and the day has just started. In the cafeteria the essential Italian coffee is waiting for us with nutella-filled doughnuts. Professor Pitacco s slides are ready to help us to memorize life insurance techniques - mortality tables, technical reserves, safety loading, probabilities, death benefit ..what? Before, I thought that the expression life techniques - as we say - is about having fun, enjoying life. But now I know that the risk of our life is something different. How can you prepare for the challenges of life? Are you able to face the obstacles? Should you take the risk? I m dreaming while Tom - my Slovenian friend - asks questions, and Francesco makes notes continuously . And we get deeper and deeper into the beautiful actuarial science of life insurance.
And now ladies and gentlemen, Professor Tim Baxter shows us during the afternoon lectures, the efficient way of presentation, intercultural negotiation, one by one communication. Later we can utilize the team-building roles given by him, when we are working on our project. As we get closer and closer to the deadline, we really look like a real group. We complement each other, and it works. Everybody knows what to do, how to reach the key goal. The computer lab is getting silent and empty; it s time to leave the school. Let s quickly check the emails. Oops, 2 reminders! Tomorrow I ll have an appointment, to clarify the circumstances of my internship. Important! Be prepared! Reminder No.2: Tonight calcio at Luigi s place. Let s see: Italian football, Luana s super-delicious Italian food, Italian wine. What else do we need? We know that we will not be missing anything when friends are together. I almost forgot some minor details. I m Zsolt Nemeth from Hungary, participating in the Master in Insurance and Risk Management - MIRM6. Take the risk, my friends!
25 Alumni Association
The SchoolÂ’s Alumni Association is a focal point for MIRM graduates. The Association aims to encourage, develop and consolidate ties between alumni of the various editions and programmes, as well as between the alumni and MIB School of Management itself. The Association, in close collaboration with the School, assists in the professional growth of graduates through its extensive networking potential and commitment to lifelong learning. Networking allows graduates to share experiences, information and knowledge in order to ensure that their professional skills are constantly improved.
Alessandro Profumo, C.E.O. Unicredit Honoris Causa 2005
Mario Draghi, Governor Banca d'Italia Honoris Causa 2004
26 Trieste: in the heart of Europe
Thanks to its history, its role and geographical position, Trieste is a natural point of reference for the new Europe. It has always been a city with a very strong multicultural and international calling: an economic and cultural crossroads, a cosmopolitan centre since the Habsburg era, where over the centuries many different religions, cultures, languages and economic activities have flourished and co-existed.
An openness and richness that continues today in numerous institutions and companies at the highest international levels, operating in finance and insurance (Assicurazioni Generali, Lloyd Adriatico, RAS, etc.), science (Area Science Park, Scuola Internazionale Superiore di Studi Avanzati SISSA, Centro Internazionale di Fisica Teorica, Laboratorio di Luce al Sincrotrone, ecc.), production (illycaffè, Fincantieri, Stock, ecc.) and logistics (Pacorini Group, Porto di Trieste, Lloyd Triestino).
27
In this context, course participants experience in a really liveable city, where the quality of life is among the highest and most appreciated in Italy. In 2005 Trieste was ranked first for its quality of life by Il Sole 24 Ore, leading Italian financial newspaper. The city has in fact maintained a rich legacy of cultural institutions, theatres, museums, libraries, and historical cafĂŠs that make its central European atmosphere unique and full of life. The cityÂ’s special position, between the sea and the Carso highlands, a few kilometres from the Alps,
make it the ideal scenario for a number of activities linked to leisure, trips out of town and sport: from sailing to diving, from mountain bike rides to trekking, from mountaineering to a simple walk in the woods, all just a few minutes from the city centre. Openness, cosmopolitanism, quality of life: the legacy of the past that Trieste experiences today and projects into the future. Sharing these distinctive aspects and being part of them makes MIB School of Management truly unique.
28 Extra Curricular Activities
Various extra-curricular activities are organised to broaden the MIRM experience. These activities involve not only MIRM participants but also participants on other programmes, teaching staff and graduates from past years. Although participation is not compulsory, it is an important part of what makes MIRM a unique experience. Typical activities that run through the year include nights at the theatre, screening original language films and guided tours to sights and exhibitions. Sports also play a leading role in social activities with football, volleyball and skiing being particularly popular pastimes.
Feel free to contact us for any further information:
info-mirm@mib.edu Students Office Tel. +39 040 9188 111
www.mib.edu
Friuli Venezia Giulia
Trieste
MIB School of Management reserves the right to make changes affecting policies, fees, curricula, or any other matters announced in this publication
fotografie Foto Bruni, Max Morelli, Archivio MIB / grafica Daria Longo / stampa Graphart ts
MIB School of Management Largo Caduti di Nasiriya, 1 - 34142 Trieste, Italy tel. +39 040 9188111 - fax +39 040 9188112 info@mib.edu - www.mib.edu
Sponsor and Partner Companies SPONSOR COMPANIES
PARTNER COMPANIES
Alleanza Assicurazioni, Banca Intesa, Bain & Co, Banco Popolare di Verona e Novara, BNL, Citigroup, Desio Vita, DMR Consulting, Ernst & Young, Eurizon, Finanziaria Internazionale, GeneralCologne Re, Generali Asset Management, Genertel, Goldman Sachs, Gruppo di Credito Valtellinese, HDI Assicurazioni, Lloyd s of London, MACFIN, M c K i n s e y, M o n d i a l A s s i s t a n c e , Pi o n e e r I n v e s t m e n t M a n a g e m e n t , PricewaterhouseCoopers Advisory, Prometeia, Tillinghast Towers Perrin, UniCredit, Vittoria Assicurazioni, Zurich International Italia.
Master in Insurance & Risk Management - IX edition