I.VW | Teaching

Institute of Insurance Economics


The extensive range of courses offered by I.VW at bachelor’s, master’s and doctoral level enables more than 700 students per year to acquire comprehensive knowledge and skills in risk management and insurance. As part of the public lecture series, the I.VW also offers courses for interested parties who are not HSG students.


I.VW research topics are often the starting point for bachelor’s and master’s theses. We invite you to search our website for current topics in the field of risk management and insurance.

Bachelor’s and master’s theses are of high practical relevance and address important Basic Research problems. Some of the theses are also carried out in direct cooperation with companies. We are open to proposals for theses in cooperation with financial services companies on suitable topics. The best master’s thesis of each year is awarded the Dr. Hans Kessler Prize.

Current topics for bachelor’s and master’s theses are in the following areas, for example:

– Asset Management in Insurance
– Behavioral Insurance
– Evaluation and management of financial guarantees
– Customer Value and Customer Equity
– Dynamic Financial Analysis and Asset Liability Management
– Emerging Risks
– IFRS 4 and Fair Value Accounting
– Innovative Business Models in the Insurance Industry
– Innovative Reinsurance Solutions
– Capital Allocation and Risk-Adjusted Performance Measurement
– Management of Longevity Risks
– Microinsurance
– Pricing Models for Insurance Risks
– Private Retirement Provision
– Product Innovations in the Field of Alternative Risk Transfer
– Risk Theory and (Life) Insurance Mathematics
– Solvency II and Swiss Solvency Test (SST)
– Sales Control and Claims Management
– Value-Oriented Management of Insurance Companies

Please visit the websites of each professor for contact details and current research topics.

Dr. Hans Kessler Award

The Dr. Hans Kessler Award for the best Master’s thesis in the field of risk management and insurance is presented annually at the I.VW general assembly in June. The following list shows the winners of the past years:

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  • 2023: Jannis Braun for the Master’s Thesis “Financing InsurTech: Corporate Versus Independent Venture Capital”.
  • 2021: Felix Maximilian Walthes for the Master’s Thesis “The potential of increased data availability in insurance markets characterized by asymmetric information and biased beliefs”.
  • 2020: Gianluca Andaloro for the Master’s Thesis “Pricing of Catastrophe Bonds: Explaining the Yields by Means of Empirical Prices”.
  • 2020: Kevin Sterchi for the Master’s Thesis “Optimal Decisions on Investment and Insurance: Theoretical Approach and Numerical Implementation”.
  • 2019: Daniel Hopfner for the Master’s Thesis “Determinants of Trust and Engagement in the Life Insurance Industry and Digital Health Monitoring Platforms”.
  • 2019: Niklas Spiegel for the Master’s Thesis “The Pricing of Natural Catastrophe Risk in the CDS Market”
  • 2018: Mauro Elvedi for the Master’s Thesis “Analysis of Alternative Financing Concepts for Long-Term Care”.
  • 2017: Andrin Marugg for the Master’s Thesis “Modelling Catastrophic and Credit Events in a Marshall-Olkin Framework”.
  • 2016: Roland Toth for the Master’s Thesis “An Offspring-Based Contribution Scheme for the Swiss Pay-as-you-go Pension”.
  • 2015: Benjamin Schmid for the Master’s Thesis “Behavioral Biases in Insurance and an Experimental Study of Smart Default in Health Insurance”.
  • 2014: Alessandra Kübler for the Master’s Thesis “Risk Aversion and Microinsurance – an Experimental Analysis”.
  • 2013: Pascal Häderli for the Master’s Thesis “Insurance at the Point of Sale
  • 2012: Isabelle Hanselmann for the Master’s Thesis “The Ban on Gender as a Risk-Rating Factor in Insurance: A Discussion of the Economical and Legal Aspects”.
  • 2011: Pascal Bühler for the Master’s Thesis «Customer Capital-Management – Entwicklung eines neuartigen Konzepts zur wertorientierten Steuerung von Dienstleistungsunternehmen»
  • 2010: Lysiane Clivaz for the Master’s Thesis “Insurance Guaranty Funds – Fundamentals and Implications”.
  • 2009: Kaspar Wohnlich for the Master’s Thesis «Das SQA unter spezieller Berücksichtigung des IKS im Spannungsfeld von versicherungsaufsichtsrechtlichen und obligationsrechtlichen Aspekten»
  • 2008: Wen Du for the Master’s Thesis «Management von Katastrophenrisiken: CAT-Bonds und ihre Anwendungsmöglichkeiten in China»

The prize is part of an extensive legacy to promote teaching and research in the field of risk management and the insurance industry, which was generously donated to I.VW by the Kessler family in memory of Dr. Hans Kessler (KESSLER & CO AG, Zurich).

App for Students

Test yourself!

Gamification Toolbox /
Optimal Insurance Demand for Students

With this app you can learn more about insuance products, theories and models, insurance cases and applications, and play a little game to test your knowledge too.

app for students
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