Bachelor of Arts in Business Administration with Insurance Management

Program Overview

The Bachelor of Arts in Business Administration with a focus on insurance at FHDW Hannover is a dual-organized program combining academic theory with practical application through integrated practical phases with leading insurance companies. It provides a solid foundation in business administration alongside specialized knowledge in insurance products, risk management, and claims processing, preparing students for careers in the insurance industry. Accredited by ZEvA, the program is industry-focused with a secure career perspective, including potential job guarantees and an apprenticeship allowance.

Program Outline

Degree Overview:

The Bachelor of Arts: BWL mit Versicherungswirtschaft (B.A.) is a dual-organized bachelor's degree program at FHDW Hannover focusing on business administration with a specialization in insurance. The program aims to provide students with a deep understanding of the core processes and innovations within the insurance industry, a sector requiring constant adaptation to new circumstances. Students are selected by leading insurance companies for this program through direct partnerships or via FHDW Hannover's placement services, ensuring direct entry into the insurance industry. Hannover's reputation as a major insurance hub in Germany is a further advantage. The curriculum offers a solid foundation in business administration alongside specialized knowledge in insurance products, risk management, and claims processing. It's designed for those seeking careers in the insurance industry, encompassing roles from product development to risk management. The program emphasizes future-oriented approaches to insurance companies, equipping students to address modern risk challenges, manage current and future risks effectively, and innovatively develop insurance products. Students learn to utilize advanced analytical methods and digital tools employed in leading global insurance companies, gaining the ability to understand complex insurance markets, assess risks professionally, and develop tailored insurance solutions to promote sustainable positive change within the industry.

Outline:

The program is a 3-year (3.5 years according to one mention) full-time program combining academic theory and practical application. Integrated practical phases within cooperating leading insurance companies provide insights into industry challenges and practical experience. Students work on real-world projects in areas such as risk assessment, product development, and customer consulting, applying theoretical knowledge to professional settings. The curriculum includes modules such as:

• Versicherungswirtschaft (Insurance Management): Covers fundamentals of insurance, needs analysis for new and existing customers, insurance coverage design, claims and performance management, commercial control of sales units, and strategic development of insurance companies in a dynamic environment.
• Unternehmensführung in integrativer Sicht (Integrated Corporate Management): Includes strategic management, operational service and quality management, business ethics, business analytics and the use of artificial intelligence, market-oriented corporate management, and an integrated BWL project.
• BWL-Grundlagen und Vertiefung (Fundamentals and Advanced Business Administration): Covers fundamental business administration principles, accounting basics, marketing management, basic economic law, accounting according to HGB (German Commercial Code), human resource management, and investment and financing.
• Wissenschaftliche Methoden (Scientific Methods): Includes financial mathematics, descriptive statistics, inductive statistics, economics, scientific work, and a mandatory scientific project report.
• Überfachliche Qualifikationen (Interdisciplinary Qualifications): Covers teamwork, Business English (correspondence, meetings, presentations), basic economic law, and economic psychology.
The program features six integrated practical phases.

Teaching:

The program emphasizes a high degree of practical relevance. The teaching approach involves a combination of academic theory and practical application through integrated practical phases. Students benefit from smaller learning groups, allowing for greater individual engagement and interaction with professors. The text mentions modern teaching methods and access to modern seminar rooms, the latest media technology, and pleasant group learning areas. It also highlights personal access to lecturers and intensive support. The program incorporates modern approaches such as Data Analytics and Machine Learning.

Careers:

Potential career paths after completing the Bachelor of Arts in Business Administration with a focus on insurance include:

• Insurance Agent/Broker: Advising and supporting clients on their insurance needs, analyzing individual requirements to offer tailored solutions.
• Risk Manager (Insurance Company): Analyzing and evaluating potential risks affecting the financial stability of an insurance company, developing risk mitigation strategies, monitoring risk positions, and advising management on risk-relevant decisions.
• Product Developer (Insurance Products): Conceiving and developing new insurance products, analyzing market trends, customer needs, and legal frameworks to create innovative and competitive insurance solutions.
The program boasts a strong industry focus, leading to a secure career perspective, including potential 1-3 year job guarantees with partner companies.

Other:

The program is accredited by ZEvA (Zentralstelle für die Akkreditierung von Studiengängen). The monthly tuition fee is €670, but this is covered by the partner company. Students also receive an apprenticeship allowance during their studies. The program is described as industry-close and secure, offering financial relief (no tuition fees), additional remuneration, a secure career perspective, practical experience, strong industry ties, networking opportunities, a modern learning environment, intensive support, and a solid, future-oriented foundation. The program is offered in Hannover. The program is mentioned as being in the process of reaccreditation and approval by the Lower Saxony Ministry of Science and Culture (Nds. MWK).