Betriebswirt/Betriebswirtin (Hochschule) für Versicherung

Information on this profession is available from various sources provided by the Bundesagentur für Arbeit (Federal Employment Agency). These include the film 'Versicherungsbetriebswirtschaft - Duales Studium' (Insurance Business Administration - Dual Study Program), professional profiles such as 'Berufsbild Versicherungsvermittler/in' (Job Profile Insurance Broker), and publications like 'BFuP - Betriebswirtschaftliche Forschung und Praxis' (Business Research and Practice), 'IT Finanzmagazin', and 'luenendonk.de'. Additionally, there are journals and guides such as 'Qualität der Arbeit, Beschäftigung und Beschäftigungsfähigkeit im Wechselspiel von Technologie, Organisation und Qualifikation (Finanzen und Versicherungen)' (Quality of Work, Employment, and Employability in the Interplay of Technology, Organization, and Qualification (Finance and Insurance)), 'SBUR Schmalenbach Journal of Business Research', 'Statistiken zur deutschen Versicherungswirtschaft' (Statistics on the German Insurance Industry), 'The Journal of Risk and Insurance', 'Versicherungsmagazin' (Insurance Magazine), 'Versicherungsrecht (VersR)' (Insurance Law), 'Versicherungswirtschaft' (Insurance Industry), 'Versicherungswirtschaft Heute' (Insurance Industry Today), 'wiwi-online - Der Begleitfaden für Studium & Karriere' (The Companion Guide for Study & Career), 'Zeitschrift für die gesamte Versicherungswissenschaft' (Journal for the Entire Insurance Science), and 'Zeitschrift für Versicherungswesen' (Journa...

Digital process automation (DPA) optimizes and completes digital workflows. Its focus is on end-to-end processes within the company and their connection to partner companies and customers. DPA digitalizes cross-organizational processes, integrates involved systems, and automates information transfer. Business processes in sales, marketing, management, IT, and production are possible application areas for DPA. Specialists and executives from different departments will engage with this development and further develop their concepts. The Internet of Things (IoT) in the insurance industry is also a significant trend. Insurers use IoT to digitalize their processes along the entire value chain. They assess risks more precisely, avoid costly damages, and offer tariffs based on actual usage behavior. Connected devices collect this data.

The following interests are important and helpful for success in this academic profession. Interests are listed in order of their importance. Activities are mentioned for each area of interest for illustration. Interest in commercial-organizational activities includes tasks such as conceiving market-appropriate insurance products or creating analyses of the insurance market. Interest in administrative-organizational activities covers tasks such as filling out and processing contract documents.

Insurance business administrators (Hochschule) primarily work in offices and meeting rooms. In addition, they may also work in a home office or remotely.

Core competencies acquired or deepened during the university (Studium) studies include: Business administration, controlling, embedded insurance systems, financial management, calculation, cost and performance accounting, marketing, human resources, processing and settling claims, statistics, tax law, insurance business administration, actuarial science, and insurance law. Other competencies that may be important for practicing this profession are: Active business, investment and asset consulting, construction financing, building society business, bookkeeping, corporate client business, customer consulting and support, processing benefit cases, private client business, quality management, auditing, risk management and risk controlling, underwriting (insurance), sales, sales management, economics, and business informatics. Furthermore, the competency groups 'Business, Finance, and Controlling Software' and 'Insurance Sectors' are also relevant.

The advancing digitalization of the world of work and professions can change task areas and requirement profiles. For insurance business administrators (Hochschule), there may be an opportunity to engage with the following technologies, procedures, or systems: Algorithmic Decision Making - ADM (e.g., participating in the development of criteria for the automated assessment of insurance risk for individuals), Augmented Analytics (e.g., using automatically prepared data to optimize insurance products), Business Intelligence - BI (e.g., preparing or making operational and strategic decisions with the help of automatically analyzed data and the insights gained), Business Process Management Systems - BPM Systems (e.g., using software to analyze and control business processes to increase efficiency), Chatbots (e.g., planning the use of chatbots for customer communication), Data Analysis (e.g., conducting risk analyses based on customer data).

Insurance business administrators independently plan, organize, and control business processes. If they lead a team, they motivate their employees and coordinate their collaboration, requiring strong communication skills. When evaluating statistics, developing concepts for adjusting insurance rates, or optimizing work and business processes, analytical and organizational skills are essential. Business acumen is crucial for developing insurance concepts. Foreign language skills and intercultural competencies are needed, for example, when collaborating with clients and business partners from other countries. To achieve good negotiation results, they must professionally apply their negotiation skills in client meetings. They primarily work at a desk in an office but also operate in meeting rooms, for instance, when advising private and corporate clients.

Insurance business administrators can become self-employed, for example, as an insurance consultant or an insurance broker.

Example collective bargaining gross basic salary (monthly): 5,007 € to 6,036 €. Source: Statistisches Taschenbuch Tarifpolitik - WSI-Tarifarchiv. Note: This information is for orientation purposes only. No claims can be derived from it.

Insurance companies. Activities of insurance agents, e.g., in life, health, and property insurance. Activities of insurance brokers. Also conceivable: banks, credit institutions, stock exchanges, other financial institutions, and credit institutions, excluding specialized credit institutions.

Those wishing to work in this profession typically need a completed undergraduate degree (grundständiges Studium) in insurance business administration. Leadership positions or specialized tasks usually require a master's degree (Masterstudium). Activities in science and research often require a doctorate (Promotion) or habilitation (Habilitation).

Insurance Business Administration (undergraduate), Insurance Business Administration (postgraduate)

Insurance business administrators (Hochschule) primarily find employment in insurance companies and with insurance brokers. Additionally, they can also find employment in banks and credit institutions.

Job title: Business Administrator (Hochschule) - Insurance. English job titles: Actuary (m/f), Insurance account manager (m/f). French job title: Conseiller commercial/Conseillère commerciale en assurances.

Anyone who commercially mediates insurance and reinsurance contracts requires permission from the competent Chamber of Industry and Commerce (IHK) and an entry in its intermediary register. Depending on prior education, proof of expertise may be necessary for insurance mediation or consulting.

Some characteristics of work and social behavior are equally relevant for all professions and are therefore not mentioned separately. These include: reliability, punctuality, honesty, ability to criticize, and appropriate manners. Additionally, the following profession-specific characteristics are required to practice this academic profession: willingness to perform and commit (e.g., recognizing work bottlenecks in customer service and willingly taking on consulting discussions to resolve the bottleneck), perseverance / determination (e.g., conducting lengthy information and consulting discussions without certainty of concluding a contract), diligence (e.g., preparing precisely tailored offers for insurance products; accurately calculating insurance benefits and compensation), sense of responsibility and willingness to take responsibility (e.g., taking responsibility for the efficient and economic design of commercial processes).

Insurance business administrators (Hochschule) plan, organize, and monitor business activities in the insurance sector.

Job postings can be found on platforms such as Aktuar.de, asscompact, CityJobs, deutsche-versicherungsboerse.de, eFinancialCareers, krankenkassen-direkt.de.

Relevant associations and organizations for this profession include: Employers' Association of Insurance Companies in Germany (AGV), Federal Association of German Insurance Salespeople (BVK), Federal Association of German Economists and Business Economists (bdvb), Federal Association of Insurance Consultants (BVVB), German Society for Insurance and Financial Mathematics (DGVM), German Insurance Association (GDV), United Services Union (ver.di), and Administrative Professional Association (VBG).

Working conditions in this profession involve responsibility for people (e.g., guiding and leading employees), responsibility for material assets (e.g., processing major damages and complex claims), customer contact (e.g., assisting customers with contract adjustments and claims), screen work (performing analysis, conception, and planning tasks). Additionally, frequent absence from home (e.g., working as a controller in foreign branches), adherence to various regulations and legal requirements (laws and regulations in the insurance sector), and working in office environments are common.

Professional deployment opportunities are categorized by fields of activity: Controlling (Controller, Head of Controlling), Finance and Accounting (Cost Accountant, Head of Finance and Accounting, Head of Cost Accounting), Teaching at Universities (Lecturer at Universities and Academies, Study Program Coordinator), Auditing (Head of Auditing, Auditor), Insurance and Financial Services (Insurance Field Manager, Insurance Director's Representative, Insurance General Agent, Insurance Branch Manager, Insurance Underwriter, Insurance Consultant, Insurance Actuary, Insurance Broker, Insurance Auditor), Scientific Research (Research Officer, Head of a Research Group).

Documents used include: business and economic analyses, insurance, consulting and customer loyalty concepts, key performance indicators, tariff tables, contracts, statistics, information materials, laws and regulations in the insurance sector. Office equipment includes: PC, internet access, telephone.

Insurance business economists support economic decision-making processes in various functional areas. They develop insurance products and services, coordinate concepts, implement them, and monitor their success. They also examine the effects of legal texts on insurance models and advise clients on contract conclusions, adjustments, and claims. They acquire and advise private or corporate clients and develop individual insurance portfolios with tailored offers. They optimize business processes using information and communication technologies.

Adaptive professional development helps to keep professional knowledge current and adapt to new developments (e.g., in the areas of insurance, insurance law, controlling). Furthermore, the trend of processing insurance cases with the help of technologies and services based on Artificial Intelligence can become an important further training topic for insurance business economists.

Bachelor graduates can expand their professional and career opportunities through further Studium (university studies), for example, in insurance business administration, finance and accounting, controlling, or risk management. A Promotion (doctorate) is generally required for an academic career at a Hochschule (university); an Habilitation (postdoctoral qualification) is usually needed for appointment as a university professor. A doctorate may also facilitate access to higher professional positions in the private sector, research, and public administration.

Analysis and Conception: Analyze the insurance market (e.g., examine the need for insurance models due to legal changes, identify innovative insurance concepts through competitor observation, determine customer needs). Design market-oriented insurance products and customer services. Formulate goals and benchmarks for the company. Develop optimized and integrated consulting and customer loyalty concepts (e.g., Multi-/Omni-Channel management for customer dialogue). Prepare profitability calculations. Discuss and, if necessary, adapt concepts. Implementation and Control: Accompany the implementation process, coordinate subtasks, monitor interim goals. Acquire private or corporate clients. Develop target-group-oriented insurance concepts. Support customers with contract adjustments and claims. Process major claims. Consulting and Management: Design concepts within the framework of management consulting for the insurance industry.

The following additional employment alternatives are available for the profession of insurance business administrator (Hochschule): Field of Insurance and Financial Services: Business administrator (Hochschule) for banking and financial services. Similarities: Plan, monitor, and organize operational processes in insurance or financial services; support economic decision-making processes; negotiate with business partners and clients. Field of Management, Corporate Leadership: Business administrator (Hochschule) for corporate leadership, management. Similarities: Plan, monitor, and organize operational processes; support economic decision-making processes; negotiate with business partners and clients. Field of Information Acquisition, Development, Processing: Business mathematician; business informatics specialist (Hochschule). Similarities: Process complex economic operations using mathematical methods; application software.

What is it about? Insurance business administrators plan, organize, and monitor business activities in the insurance sector. Preparing Decisions: Do life insurance tariffs need to be redesigned due to new framework conditions? For example, if new laws come into force that affect insurance, insurance business administrators examine whether product adjustments are economically sensible or substantively necessary. They develop insurance concepts for new, increased, or previously neglected insurable risks, such as terror damage or industrial espionage. They adapt existing offers to market conditions: For example, they collect basic data for the actuarial calculation of elementary damage insurance, which covers natural events such as floods or inundations. The business administrators check, for example, which customers with an insurance...

The following abilities, knowledge, and skills are required for performing possible activities in this Studium (university study) profession. Abilities: Numerical (calculating) thinking (e.g., preparing profitability analyses; mathematically understanding and evaluating the development and risks of insurance). Memorization ability (e.g., remembering names, faces, and facts about customers after consultations). Adaptability (e.g., quick and frequent switching between conceptual or administrative activities and customer contact under time pressure). Commercial aptitude (e.g., recognizing and assessing developments and risks in the insurance market). Planning and organizing ability (e.g., planning and organizing customer acquisition). Knowledge and Skills: Calculation skills (e.g., calculating customer-specific insurance tariffs).

Trade Regulation Act (Gewerbeordnung - GewO) of 22.02.1999 (BGBl. I p. 202), last amended by Article 34 of the Act of 04.02.2026 (BGBl. 2026 I No. 33). Regulation on Insurance Mediation and Advice (Versicherungsvermittlungsverordnung - VersVermV) of 17.12.2018 (BGBl. I p. 2483; 2019 I p. 411), amended by Article 1 of the Regulation of 17.02.2025 (BGBl. 2025 I No. 43). Regulation on Information Obligations in Insurance Contracts (VVG-Informationspflichtenverordnung - VVG-InfoV) of 18.12.2007 (BGBl. I p. 3004), last amended by Article 6 of the Act of 09.06.2021 (BGBl. I p. 1666). Regulation on Information Obligations in Occupational Pension Schemes carried out by Pension Funds, Pension Schemes and other Life Insurance Companies (VAG-Informationspflichtenverordnung - VAG-InfoV) of 17.06.2019 (BGBl. I p. 871). Insurance Contract Act (Versicherungsvertragsgesetz - VVG) of 23.11.2007 (BGBl. I p. 2631), last amended by Article 4 of the...

The exercise of this profession may involve the following physical requirements. These statements do not necessarily apply to every job profile or every professional application. Unimpaired speech ability (e.g., negotiating with clients and business partners; presenting consulting concepts), near vision - even corrected (e.g., performing analysis, conception, and planning work on the computer), hearing ability and speech comprehension (e.g., grasping clients' ideas and wishes during consultation) are important. Note: This information does not form a basis for legal action and is not to be understood as a medical fitness assessment. Actual physical fitness or unfitness must always be determined on a case-by-case basis and taking into account possible reasonable accommodations.

The following lists professions or activities that show similarities to the original profession. These professions represent a possible alternative for applicants who cannot find a vacant position in their learned profession. Furthermore, employers can consider specialists in these professions as alternatives for filling a position in the original profession. Some alternative professions only comprise partial activities of the original profession; others may require an induction period, which can vary in length depending on the individual case. The following immediate employment and staffing alternatives are available for the profession of insurance business administrator (Hochschule): For professional specializations (usually short induction): Business administrator (Hochschule) for health insurance. For partial activities and professional applications (with/without induction): Field manager (insurance), authorized representative (insurance).

The activity as an insurance business administrator (Hochschule) is not regulated. No professional recognition is necessary to work in this profession with a qualification acquired abroad. However, it is possible to apply for an individual certificate evaluation for foreign university degrees through the Central Office for Foreign Education (ZAB). This can be helpful for applications in the German labor market. According to the Trade Regulation Act (GewO) of 22.02.1999 (BGBl. I S. 202), last amended by Article 34 of the Act of 04.02.2026 (BGBl. 2026 I Nr. 33), however, an authorization from the competent Chamber of Industry and Commerce (IHK) is required for mediating insurance contracts as an insurance broker or insurance agent. To work in this area with a qualification acquired abroad, a determination of equivalence is mandatory. Competent bodies are, for example, the relevant Chambers of Industry and Commerce (IHK).

The following health limitations could lead to problems in exercising the profession. These statements do not necessarily apply to every job profile or every professional application. Increasingly, there are also possibilities to compensate for limitations, for example, through technical aids. Speech disorder, speech impediments (e.g., negotiating with clients and business partners; presenting consulting concepts), uncorrectable visual impairment for near vision (e.g., performing analysis, conception, and planning work on the computer), hearing impairment, hard of hearing, deafness, hearing disorder, chronic ear ailments (e.g., grasping clients' ideas and wishes during consultation) can cause issues. Note: This information does not form a basis for legal action and is not to be understood as a medical fitness assessment. Actual physical fitness or unfitness must always be determined on a case-by-case basis and taking into account possible reasonable accommodations.

The following additional staffing alternatives are available for the profession of insurance business administrator (Hochschule) from an employer's perspective: Field of activity insurance and financial services: Business administrator (Hochschule) for banking and financial services. Similarities: Planning, monitoring, and organizing operational processes in insurance or financial services; supporting economic decision-making processes; negotiating with business partners and clients. Field of activity management, corporate leadership: Business administrator (Hochschule) for corporate leadership, management. Similarities: Planning, monitoring, and organizing operational processes; supporting economic decision-making processes; negotiating with business partners and clients. Note: The mentioned staffing alternatives may require an induction period, which can vary in length depending on the individual case.