Master in Insurance & Risk Management
INTERNATIONAL FULL-TIME www.mib.edu/mirm
Welcome to MIB School of Management
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. Enrico Tomaso Cucchiani Member of Board of Management of Allianz SE Chairman of Allianz S.p.A. Chairman of MIB School of Management
It is thanks to the quality and international outlook of its faculty, the stimulating learning environment, the diverse national and cultural backgrounds of its participants, as well as the solid links to its partner firms and the business community at large that MIB School of Management has earned a strong reputation over the years as a centre of excellence. MIB School of Management is proud to work as partner with individuals who accept these challenges and are ready to invest in their future with commitment and determination. Vladimir Nanut Dean of MIB School of Management
MIB School of Management is a center of advanced learning that has been offering managerial education courses and conducting research in all areas of international management for over 20 years. The School strives to satisfy the demand for managerial competences of young graduates, entrepreneurs and managers, thus providing various programs (MBAs, specialized Masters Programmes), allowing participants to follow their individual passions and goals. Since 2003 MBAs and Masters programmes have been taught entirely in English and now bring together students from around the world. Thanks to this multicultural environment, studying at MIB becomes an enriching experience which provides exposure to different cultures, improving career prospects at the global level.
Accreditations
ted ual U N W T O. T H E M I S
Associations
Ferdinandeo Palace, MIB School of Management
Master in Insurance & Risk Management The programme creating value for future managers
Federica Seganti Programme Director, MIRM
Master in Insurance & Risk Management
Ermanno Pitacco, Academic Director, MIRM
Master in Insurance & Risk Management
The Master in Insurance & Risk Management MIRM has been conceived and developed with the direct support of company leaders in Insurance, Finance and Consulting sectors, contributing to its realization in all phases, from selection of candidates to defining the curriculum and job placement. The MIRM is a stimulating and complete training path (full-time, 12 months), providing the managerial and technical competencies to advance the career in insurance, risk management, consulting and financial services. In today s market conditions, characterised by global competition, Companies face many challenges and chances for growth. They 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 a more effective means of communication. Due also to the present crisis, new important opportunities have arisen in the Risk Management sector: today all companies need to acquire skills and to elaborate suitable tools to foresee, analyze and manage risk. The Master in Insurance & Risk Management represents an effective response to these new requirements for specific competences and, above all, managerial skills.
Evidences of programme s value and dependability are the accreditations earned both at national and international level.
Patronage by: » IRSA (Institute for the Research and Development of Insurance) » AIDA (International Association of Insurance Law) » ARIMAS (Academic Risk Management Association) » ANIA (National Association of Insurance Companies) » CINEAS (Academic Consortium for Engineering in Insurance) The excellence and variety of corporate and institutional network offer excellent opportunities for contacts, placement and professional growth.
The constant integration between specialised knowledge and a managerial vision of business is one of the distinguishing features of MIRM, which fits in midway between a Master of Science (M.Sc.) and an MBA program. 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. Motivation, involvement and leadership are blended in the training process with skills, techniques and ability. It is a fascinating, brilliant experience, helping young professionals with a global vision to launch a fulfilling and international career.
Curriculum
FUNDAMENTALS OF MANAGEMENT AND ECONOMICS | 8 CREDITS » Finance (2 credits) » Fundamentals of accounting (2 credits) » Corporate finance (2 credits) » Financial mathematics (2 credits)
RISK MANAGEMENT |10 CREDITS » Principles of risk management (3 credits) » Financial risk management (3 credits) » ERM-Enterprise risk management in insurance industry (2 credits) » ERM-Enterprise risk management in banking industry (2 credits)
INSURANCE | 11 CREDITS » Introduction to risk and insurance (3 credits) » Life insurance technique: the basics (2 credits) » Life insurance technique: applications (2 credits) » Non-life insurance technique: the basics (2 credits) » Non-life insurance technique: applications (2 credits)
INSURANCE COMPANY MANAGEMENT | 14 CREDITS » Accounting and control in insurance companies (3 credits) » Firm evaluation (2 credits) » Organisation design and human resources management (3 credits) » Marketing in the financial services (3 credits) » Strategic management (3 credits)
FIELD PROJECT | 2 CREDITS ELECTIVE COURSES (study tours included) | minimum of 8 CREDITS WRITTEN THESIS | 3 CREDITS PERSONAL DEVELOPMENT TRACK | 4 CREDITS TOTAL | 60 CREDITS
The MIRM is a full-time programme running from January to December and ending with the Graduation Day. Curriculum offers an unusual and original approach, combining a specialisation in insurance and financial matters with a business approach based upon the latest management models.
MIRM Participants
Designed with the direct support of leading companies, the Master in Insurance & Risk Management of MIB School of Management is the business card for graduates wishing to advance their career in insurance, risk management, banking, finance and consulting at the international level. The objective of the MIRM is to train managers with a global vision, who are capable of combining specific knowledge of insurance and financial products and techniques with organizational and personal soft skills. The programme offers a wide-reaching network of relationships with company sponsors and partners. The Master in Insurance & Risk Management is open to brilliant graduates of all disciplines, from all over the world. Excellent English skills are required. The ideal candidate has a strong academic background (preferably economics or engineering/applied sciences), is highly motivated and ready to take a decisive role in his or her future. The make-up of the classroom is always diverse; differences between participants enrich the experience for everyone.
Selection Process
The process begins when the candidate fills in the on-line application form, that can be found at www.mib.edu/mirm. The form is intended to gather biographical information about the candidate and stated motivation for applying for the programme. Successful candidates will be invited to the School for taking two written tests and a motivational interview. For international students the selection process may also be carried out remotely. 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.
Financial Aids
Thanks to the financial contribution of MIRMÂ’s sponsoring companies, the School offers a consistent number of merit-based scholarships as a partial exemption from Master tuition fees. They are awarded also in accordance with specific indications provided by the sponsors. Friuli -Venezia Giulia Region, in cooperation with the European Social Fund , can partially reimburse the tuition fees (up to 4,000 euros) for attending Master programmes accredited by ASFOR , Italian Accreditation Body) . Conditions and details are available on MIB School of Management website.
Participants Profile (last 3 editions) Average age 27 Males 62% Females 38% International Students 68%
Educational Background 14% 10%
11%
65%
Business and Economics Statistics, Mathematics and Actuarial Sciences Law and Political Sciences Sciences and Engineering
Areas of origin
29% Europe Italy Rest of the World
40%
31%
Faculty
Company lecturers and testimonials from: Allianz Group ANIA Generali Group Ariel Reinsurance Company
The MIRM international faculty includes company managers, university professors, consultants, experts in Insurance and Finance.
AUDI Aviva B & W Deloitte
Learning Model
The MIRM is delivered through a variety of active methods and tools. Together with traditional lessons, company cases, guided discussions, business games, simulations, business experiences, field projects, group work, workshops and seminars play a significant role. The participantsÂ’ agenda is always full of activities and opportunities. Participants maintain constant contact with the network of companies during the entire programme. Company days and interviews, company visits, meeting with managers and business leaders involve students on a regular basis. During the course, two main international business missions are organized on an elective basis, in Munich and London, during which students visit the most important insurance companies, financial institutions and partner business schools. The programme puts strong emphasis on teamwork and personal development, starting from the beginning of the course with a 3 days outdoor training session. The Personal Development track runs throughout the Master, dedicated to hone the communicative, inter-personal, and leadership skills through group and individual activities.
Bain & C. BMW CEA Citigroup Cologne Re Crenca & Associati Ernst & Young Eurizon Goldman Sachs JP Morgan KPMG LloydÂ’s of London Lufhansa Marsh Mazars MMC International Oliver & Wyman Pioneer Investment Management Price Waterhouse Coopers Advisory Prysmian SACE Siemens Standard & Poors Swiss Re Tillinghast-Towers Perrin UGF Unipol Gruppo Finanziario Unicredit Visintin & Associati Studio attuariale Watson and Wyatt Willis Zurich Italia
Average employment rate 6 months after MIRM graduation (last 3 editions): 94%
Careers
Job Source 13% 7%
Career Service Alumni Network
The main objective for the MIRM s participants is to improve career prospects. Through the Career Service activities, the School is able to develop personal and professional competencies which are in line with the requests of the job market. In addition, a close collaboration with the Personal Development Team allows participants to highlight their talents to better promote themselves for future career success. Career guidance support is available for participants throughout the year through a combination of: » One-to-one interviews and career orientation aptitude tests » Training on recruitment procedures » Assisting 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
Personal Contacts 80%
Jobs in Demand and Professional Area of Employment
Today the professional roles most in demand by the labor market are the risk manager, the underwriter, the actuary, the consultant & advisor, the financial analyst, the internal auditor, the business analyst. The professional areas of employment after taking MIRM are: 3%
» Organisation of individual job interviews between participants and recruiter Moreover a Career Counselling path helps participants define their personal and professional goals and value their profile and résumé.
7% 14%
Insurance Consulting Banks Other sectors 76%
Recruiting Companies
Allianz Group Aon AXA Banca Antonveneta Ernst & Young Fondiaria SAI Group Generali Group KPMG Intesa San Paolo Marsh Mazars Monte dei Paschi Life Munich Re Price Waterhouse Coopers Prysmian Royal Bank of Scotland Swiss Re UGF Unipol Gruppo Finanziario Watson and Wyatt
Trieste: the world of Insurance and the quality of life Trieste is the perfect home for the MIRM, as the insurance industry has always played a major part in the local economy. Some international leading companies, such as Assicurazioni Generali and Allianz, were founded here and have their headquarters in the city. This vocation is confirmed by the presence of important academic institutions in actuarial and insurance studies. Trieste is not only business: it is the Italian city with the best quality of life (2009 survey by “Il Sole 24 Ore”, the leading economic review in Italy) and is a renowned pole for scientific research: every year 20,000 university students and 8,000 researchers from all over the world come to study at worldwide-known academic and research institutions.
To visit MIB School of Management or to ask for more information please contact the MIRM TEAM:
Sponsor Companies
Academic Director
Ermanno PITACCO Programme Director
Federica SEGANTI Programme Manager
Maria Antonietta BARONE barone@mib.edu
International Admissions Officer
Barbara SEPIC
sepic@mib.edu
info-mirm@mib.edu www.mib.edu/mirm
MIB School of Management
Largo Caduti di Nasiriya 1 - 34142 Trieste - Italy tel. +39 040 9188 111 - fax + 39 040 9188 112 info@mib.edu - www.mib.edu
S T U D I O AT T U A R I A L E Visintin & Associati