News

KIUInnovate Business Forum 26th & 27th October 2022 in Kutaisi, Georgia

From October 26th to 27th, Professor Zagst and class representatives of the 16th cohort of the FIM study program (FIM), Anaís García González and Philipp Wiegand, attended the KUI Business Forum to represent FIM and demonstrate how it has successfully bridged the gap between academia and business over the past 15 years. The KIU Innovate Business Forum was organized by the Kutaisi International University (KIU) in partnership with the U.S. Embassy's University Capacity Building Program and TUM International GmbH. As part of the KIU Innovate initiative, the conference focused on promoting entrepreneurship and innovation at KIU and in Georgia. The forum brought together a diverse group of attendees, including government officials, industry leaders, executives from international organizations, financial institutions, major international companies, and university representatives. It served as a platform for building connections between academia and industry, both nationally and internationally, and helped to develop the young university and Georgia’s innovation ecosystems.

In his presentation, "Best Practices of University-Industry Collaboration," Professor Zagst explained how he and the chair of financial mathematics has managed to build long-term relationships with industry partners in various forms, such as large career fairs and long-term research cooperations. Afterwards, the two students discussed their perspective on fruitful university and industry collaboration.

Professor Zagst is the KIU Finance and Information Management Program Lead at KIU. During the forum, he and his students met with the dean of the KIU School of Management to discuss what makes the FIM program so unique, including the social projects, soft skills, and close collaboration with industry partners. Additionally, interested undergraduate students at KIU had the opportunity to pose their questions to the two TUM students.

Excursion to ERGO Nuremberg

After roughly two years of online events, on 3rd of June, 13 TUM students accompanied by TUM representatives participated in the first of hopefully many more in-person events offered by ERGO: An excursion to ERGO Nuremberg on the topic “Revolutionizing the insurance market: A product life cycle”. Throughout the day, five interesting presentations given by ERGO representatives and a visit of the ERGO call center took place. 

After a very warm welcome at Nuremberg, the first two talks gave an overview over the health insurance products and their calculation. The highlight of these two talks was the presentation of a supplementary dental insurance that can be bought after a claim has happened. Then, John-Paul Pieper, a member of the management board, held a very impressive and informative presentation about sales strategies of ERGO products and was thereafter available for questions during the lunch break in which a delicious buffet was set up. After the break, the students were given a tour of the call center rooms and learned how the utilization of the call center is estimated with the help of call distributions. The last talk was about the use of artificial intelligence within customer service and demonstrated the growing importance of machine learning techniques in the insurance industry.

Moreover, during the event one could feel that both ERGO representatives and TUM students tremendously enjoyed the in-person event and the networking opportunities.

All in all, a successful day! Many thanks to ERGO, the ERGO Activity Team and the TUM Chair of Mathematical Finance for making this event possible!

 

Written by: Katharina Papst, TUM B.Sc. Mathematics student & excursion participant.

Prof. Dr. Matthias Scherer als DAV-Vertrauensdozent bestätigt

Die Prüfungskommissionen der Deutschen Aktuarvereinigung (DAV) für die Fächer „Versicherungsmathematik“ und „Finanzmathematik und Risikobewertung“ haben im Juni 2022 die Tätigkeit von Prof. Dr. Matthias Scherer als DAV-Vertrauensdozent für die kommenden drei Jahre bestätigt. Damit sind wir weiter in der erfreulichen Lage, auf Basis entsprechender Vorlesungen im Master „Mathematical Finance and Actuarial Science“, Teil-Prüfungen zum Aktuar anerkennen zu dürfen. Weitere Informationen dazu finden Sie hier.

Best presentation award at the 11th Conference in Actuarial Science and Finance in Samos

The Conference in Actuarial Science and Finance takes place every two years as part of a joint collaboration between the University of the Aegean, Katholieke Universiteit Leuven, Kobenhavns Universitet and New York University. It is a forum for state-of-the-art results in the areas of insurance, finance and risk management, and attracts top academicians and practitioners from every corner of the world.

The scientific committee of the 11th Edition of the conference, held in Karlovasi (island of Samos, Greece) awarded Gabriela A. Zeller, PhD candidate at Chair of Mathematical Finance of the Technical University of Munich, with the 1st prize of the Best Presentation Awards for young researchers. Her joint work with Prof. Matthias Scherer (TUM) titled “Optimal price structure of cyber insurance policies with risk mitigation services” analyses under which conditions it can be profitable for an insurance company to subsidize pre- and post-incident services within cyber insurance policies.

Quant Finance Master’s Guide 2022

Die Professorinnen und Professoren unseres Lehrstuhls arbeiten stets daran, den Masterstudiengang „Mathematical Finance and Actuarial Science“ in internationalen Rankings sichtbar zu machen. Wir freuen uns sehr, dass der Studiengang im Ranking von Risk Magazine  (https://www.risk.net/quantitative-finance/7905251/quant-finance-masters-guide-2022 ) als einziger deutscher Studiengang geführt wird. Ob die TU München tatsächlich die beste deutsche Uni für angehende Quants ist, können Sie auf der Webseite von efinancialcareers (https://www.efinancialcareers.de/nachrichten/2022/05/ist-die-tu-munchen-die-beste-deutsche-uni-fur-angehende-quants ) nachlesen.

apl. Professur an der Technischen Universität München

Auf Vorschlag der Fakultät für Mathematik wurde Herr PD Dr. Aleksey Min im Februar 2022 zum apl. Professor an der Technischen Universität München bestellt. Unser Lehrstuhl gratuliert Prof. Dr. Aleksey Min zu diesem Titel und wünscht weitere Erfolge in Forschung und Lehre.