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Master in Insurance & Risk Management

u r e y o u r future
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Contents
MIB School of Management 2
Campus 3
Master Programmes 4
Trieste and the world of insurance 5
Master in Insurance & Risk Management 6
Calendar 8
Teaching Team 9
Curriculum 10
The MIRM Experience 12
Teaching methods and approach 13
Outdoor Training 14
In-the-field Projects 15
Company workshops and international study tours 17
MIRM Events 18
Company Relations 19
Career Counselling 20
Career Opportunities 21
Participants and Selection Process 22
Tuition fees, scholarships and living expenses 23
A typical day at School 24
Alumni Association 25
Trieste: in the heart of Europe 26
Extra Curricular Activities 28
 It is thanks to the quality and international
outdoor of its faculty, the stimulating learning
enviroment, the diverse national and cultural
backgrounds of its participants, the solid links
to its partner firms and the business community
At MIB, we believe in the need to help the at large that MIB School of Management has
best talents express their true value, to develop earned over the years a strong reputation as
leaders, and to bring out the values of centre of exellence and one of the most
excellence and true meritocracy. prominent management training istitution both
MIB is not merely a centre for research or just at national and international level.
another place that turns out managers. MIB At a time when the insurance and financial
School of Management is an incubator of ideas sectors have to tackle the challenge of global
and knowledge, a manufacturer of leaders, a competition and change, there is a need for
laboratory for the global economy as a whole. executives endowed with innovative skills,
Trusting in this prestigious institution means able to combine a profound knowledge of
investing in the thing of greatest value: human insurance products and markets with high
capital. managerial skills.
MIB’s programmes are of the highest quality MIB School of Management is proud to be the
and are totally focused on real business needs. partner for individuals prepared to accept these
But the true test of any strategy is the challenges and invest with commitment and
marketplace itself, and we take some pride in determination in their own future.
the fact that MIB graduates are in great
demand, both in Italy and abroad, and that
their skills are much appreciated even in the Vladimir Nanut
Dean MIB School of Management
most sophisticated and competitive
international contexts. Companies value their
professional training, the intensity of their
commitment, their ability to work for the team,
and their profound sense of ethics.

Enrico Tomaso Cucchiani

Chairman MIB School of Management
Board Member, Allianz SE
Managing Director, Allianz S.p.A.
2
MIB School of Management

Member of

The School was founded in 1988 as a consortium: INTERNATIONAL EXCHANGES

its members and associates include important • Bordeaux School of Management
European university institutions, major Italian (Bordeaux, France)
companies and top-ranking economic organisations. • CUFE - Central University of Finance and
The partners of MIB School of Management play a Economics Business School
fundamental role both in the governance of the (Beijing, China)
School and in supporting educational activities, • EADA - Escuela de Alta Dirección y Administración
bringing in know-how, experience, financial (Barcelona, Spain)
contributions, demand for training, as well as • EOI - Escuela de Negocios (Madrid, Spain)
scholarships, opportunities for internships, project • IEDC - Bled School of Management
work and placements for participants in the Master (Bled, Slovenia)
and Specialisation courses. • IMISP - International Management Institute
Equally significant are the partnerships and (Saint Petersburg, Russia)
operational collaboration on specific education and • Lingnan College, Sun Yat-sen University
research projects that enable the partners to integrate (Canton, China)
their respective resources and competencies and • Rollins College, Crummer Graduate School of Business
to achieve such important quality and prestige goals. (Florida, USA)
 3
Campus

The School is located in one of the most prestigious The location of the Palazzo, its architectural beauty,
historical buildings of Trieste, Palazzo Ferdinandeo, its imperial charm, its technical facilities, support
built in the second half of the 19th century in honour services, the staff’s openness and attention, and
of Emperor Ferdinand I of Habsburg. the quality of participants are all elements that make
The Palazzo is situated in a leafy part of the city, a the atmosphere of the MIB School of Management
short walk from the park of Villa Revoltella; recent unique.
restructuring has made it one of Europe’s most
functional and up-to-date education centres. The School also has a fully equipped Executive
It houses sophisticated teaching tools and the most Centre, located in Capriva del Friuli, in the heart of
advanced technology applied to learning processes: the Collio region. The 19th century stately home of
from wi-fi coverage to Bloomberg database access Villa Russiz hosts the MBA in Wine Business and
and to the e-Learning FirstClass platform, from the renowned vineyard of the same name.
simultaneous interpreting to the internal video
streaming system.

The classrooms and large conference hall are

connected by a cable broadcast system, which via
the network effectively transforms the School’s
teaching areas into a huge single multimedia
classroom.
The School has a 200 seat conference hall, a library,
reading room with specialist periodicals, computer
rooms, bar-cafeteria, self-service restaurant, living
room and garden.
Villa Russiz

Palazzo Ferdinandeo
4
Master Programmes

MIB School of Management offers a wide range of master programmes.

MBA in International Business Executive MBA (EMBA)

A full time MBA aimed at Italian and foreign The Executive MBA programme has been
graduates that provides general corporate specifically developed for managers who need
management training from an international to improve their career opportunities while
perspective. The programme offers a broad continuing to work. Participants expand their
spectrum of inputs that runs from basic managerial skills during their MBA degree
managerial competencies to the most relevant through an innovative mix of face to face and
and topical issues in global management. distance learning.

International Master in EXECUTIVE MASTER IN WINE BUSINESS

Tourism & Leisure (IMTL) The first Master in Business Administration
The IMTL is a specialist course open to young for wine sector operators in Italy. The training
graduates in any subject with a strong approach adapts classic managerial tools to
orientation to the tourism sector. the wine business sector. The programme is
IMTL provides participants with the designed specifically to be applied directly to
management skills needed by professionals participants’ current roles.
throughout the tourism industry (tour operators,
hotel chains, travel agencies, tourist promotion
boards and commercial fairs).
 5
Trieste and the world of insurance

Trieste is the perfect home for the MIRM, as the

insurance industry has always played a major part
in the local economy. Some of the leading companies
of Italy and Europe were founded here, like RAS
(Allianz Group), and have their headquarters in the
city, including Assicurazioni Generali and Lloyd
Adriatico (Allianz Group).
With its early vocation in the sector, the presence
of important academic institutions in actuarial and
insurance studies, and the city’s Central European
and international culture, Trieste is the ideal location Generali
for the Master in Insurance & Risk Management.

"Insurance companies can only excel if they

succeed in being at the frontiers of knowledge
in every professional task they undertake.
The MIRM provides the skills to meet these
challenges." Lloyd Adriatico

Giovanni Perissinotto
C.E.O., Assicurazioni Generali S.p.A.

Ras
6
Master in Insurance & Risk Management

In today’s market conditions, characterised by

The Environment

global competition, insurance groups face many

challenges and opportunities for growth.
Companies 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 more effective means of communication.
Insurance groups have new opportunities for
growth in the form of investment funds, pension
funds and other types of pension investment.

The Master in Insurance & Risk Management

(MIRM), organised by MIB School of
Management in collaboration with some of the
most important players in the insurance and
financial sector, represents an effective
response to these new requirements for
specific skills. Objectives
The approach of the MIRM programme is
Proof of this programme’s high level of quality
directed towards the future.
is the prestigious accreditation from ASFOR
The chief objective of the Master programme
(The Italian Association for Management
is to train candidates to meet the different and
Education Development); it also enjoys the
ever-changing needs of companies in the
patronage of I.R.S.A. (Institute for the research
insurance and financial sector, in terms of both
and development of insurance), A.I.D.A.
innovative knowledge and management skills.
(International association of insurance law),
[Link]. (Academic Risk Management
From this point of view, its aim is the overall
Association), A.N.I.A. (National Association of
development of the individual, so participants
Insurance Companies) and CINEAS (Academic
will be able to use the vast range of tools that
Consortium for Engineering in Insurance).
are indispensable in this highly technical sector,
and which can increase the individual skills
needed for a managerial career.
“The constant integration between specialised
knowledge and a managerial vision of business
is one of the distinguishing features of the
MIRM, which fits in midway between a Master
of Science ([Link].) and an MBA programme.
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.”

Ermanno Pitacco
Academic Director,
Master in Insurance & Risk Management
“The Master programme has been designed
with our sponsor and partner companies to
develop skills needed to tackle the challenges
of the insurance and financial sector with
success. Motivation, involvement and
leadership are blended in the training process
with skill, techniques and ability. It is a
fascinating, brilliant experience.
I sincerely hope to have the pleasure of
welcoming you to our school as a candidate
for the Master in Insurance & Risk Management
programme.”

Federica Seganti
Programme Director,
Master in Insurance & Risk Management
8
Calendar

The Master is full-time course lasting 12 months from January to December.

The course is divided into three distinct phases:

CLASS ACTIVITIES PROJECT WORK, INTERNSHIP,

January - August INTERNATIONAL EXCHANGE
PROGRAMMES
The first part of the course provides for rapid September - November
learning of basic knowledge through the use
of different teaching methods, and subsequent The second phase of the course focuses
closer study of the most modern and primarily on writing up the final project.
sophisticated management models. In During this phase, students are given the
particular, specialised subjects are developed opportunity carry out a period of internship
with the contribution of numerous company with our sponsors or other partner firms.
testimonials and case studies. The school regards this phase as a particularly
The hands-on approach involves participants important one for the participants. Through
in group activities and in-the-field projects. direct work experience, interns have the
The leading Italian insurance companies host opportunity to verify first-hand the knowledge
MIRM participants for a variety of interesting they have acquired, thereby developing a more
workshops and company visits. mature attitude towards the real business
Students also have the opportunity to world.
participate in motivating international study As an alternative to the internship, participants
programmes, normally in Munich and London, can choose to spend part of their study course
the hubs of European finance. abroad in a country they believe is particular
Together with the other Masters courses, a interesting to their learning and career
variety of elective activities are also organised. objectives.

FINAL EXAM AND

GRADUATION DAY
December

The final phase sets out the discussion of the

project work before the School’s Academic
Committee, company tutors and selected
representatives of the companies promoting
the course.
The Master concludes with the solemn awards
ceremony in the prestigious conference hall
of Palazzo Ferdinandeo.
 9
Teaching Team

The faculty offering the MIRM programme comprises Division of total amount of class hours
university lecturers, managers, professional for each teaching team group on average
educators, consultants and experts with a wide
reputation in their various fields and offering great
experience.
Top Management
16%
The course stands out from others for the
considerable weight given to teaching by experts
from the insurance and risk management sectors,
Internal Faculty
who bring to the classroom their significant, real- and
Visiting Professors
world experience. Most of these experts hold senior
Managers, 55%
positions in leading companies within the sector.
Professionals &
The MIRM also makes use of the collaboration of Consultants
important corporate universities such as the Generali 29%
Group Innovation Academy and the Lloyd Academy.

On our web address [Link]/mirm

you can find the complete list of our teaching team.
10
Curriculum

The Master in Insurance & Risk Management offers an unusual and original approach, combining a specialisation
in insurance and financial matters with a business approach based upon the latest management models.
The MIRM is divided into three broad thematic areas that are explored over the course.

INSURANCE RISK MANAGEMENT

The Insurance Area aims mainly to present This area aims to provide an overview of issues
insurance products in all different aspects and regarding risk management in a variety of
approaches. sectors. The goal is not only to provide the
The initial phase involves the theoretical part, participants with the most widespread
which helps the understanding of the technical management tools, but above all with risk
characteristics of products, but also aids the management strategies and policies. In-depth
understanding of the particular features of the studies concerning issues of risk management
insurance business. in financial services, especially in insurance
Attention then shifts to the insurance products companies, are presented.
with the hands-on approach, both in the field Topics covered include:
of insurance and reinsurance. • Objectives and tools of risk management
Topics covered include: • Company risks identification, control, prevention and transfer
• Insurance technique – life and non life • Strategic risk management
• Property and Casualty Insurance • Market, operating and credit risk
• Life Assurance • Financial risk management
• Pension and health funds • Asset and liability management (ALM)
• Insurer’s risks and solvency
• Reinsurance

For more detailed programme visit our web address [Link]/mirm

 11
___Curriculum

INSURANCE COMPANY MANAGEMENT

This area is the most decidedly managerial of
the MIRM programme. Many subjects
concerning the insurance industry are tackled
so as to present the various facets of a very
specific area.
Particular emphasis is given to the
development of what are traditionally viewed
as management skills and competencies. Great
attention is paid in this direction to the
development of soft skills.

Topics covered include:

• Insurance and reinsurance markets
• Organisational structure and insurance groups design
• Strategic management and corporate governance
• Financial accounting
• Management control
• Finance
• Insurance marketing and sales network management
• Personal development
• Human resources management
• Re engineering of insurance processes and
information technology
• Change management
• Regulatory framework
12
The MIRM Experience

"Participation in the MIRM programme is an “MIRM is an effective means of facing the enormous
opportunity not only to come in contact with the complexities of the worlds of finance and risk
latest developments in the financial world and to management. During my year in Trieste, I was able
focus on solutions to challenging issues, but also to grow both professionally and as a person thanks
to develop your character and gain greater self- to the great many guest speakers, the excellent
confidence, while spending an exciting year with faculty, and the valuable life experiences that the
people who will become a part of your closest course provides. The union of these elements is
personal and professional circle." the key to the MIRM development experience,
which its participants are then able to turn into real
Stanislav Sirakov competitive advantage in the workplace.”
Head of Complex Desk Department
Allianz Bulgaria Holding Pasquale Nicastro
MIRM 2005 Head of Market Risk Department
MPS Banking Group
MIRM 2001

“The Master programme was a life-changing “The excellent method adopted in managerial
experience for me, not just professionally, but above training leads to the development of an ability to
all in terms of my very being. It provided me not listen and to understand those with whom one
only with the technical and specialist skills I needed, works. As a result of the experience gained during
but also gave me greater self-confidence. I learned the internships, the MIRM offers an exceptional
to work in groups and in an exciting, international investment for anyone aspiring to a managerial role
environment.” in financial companies generally and in the insurance
industry above all.”
Stefania Brandani
Actuary Stefano Decarli
B&W Deloitte Assistant to General Manager
MIRM 2005 Allianz Group
MIRM 2002
 13
Teaching methods and approach

The special teaching approach adopted by the School Other fundamental features of the teaching methods
is certainly one of the unique elements of the Master adopted by the MIB School of Management are:
in Insurance & Risk Management. • Outdoor Training
• Action-learning
From knowledge to competence • In-the-field projects
The objective of the course is to mould participants • Case studies and business games
so that they can easily adapt methodological rigour • Company workshops
to companies' practical requirements. • Internships
The teaching methods of the MIRM aim to meet • Elective courses
labour market needs, promptly noted thanks to the
privileged relationship of the course with insurance
companies.
Personal Development
Great importance is also given to the development
of the soft skills needed to bring out the potential
Hands-on Approach
of each person. So the stress on doing - which itself
Through the direct involvement of sponsor and
represents a clear difference between training at a
partner companies, it has been possible to set an
Master’s level and an academic training - is further
effective process for the improvement and revision
strengthened and complemented by a stress on
of the programme, in order to meet the business
being; on the development of a manager’s more
needs.
personal ability, comprising communicative,
The didactical activity directed by lecturers and
relational, cross-cultural and leadership skills.
testimonials constitutes only one, albeit important,
part of the learning process for the participants of
the MIRM course.
14
Outdoor Training

One of the key elements for today's managers is The first section is dedicated to exploring the
the ability to work in teams and create added value resources and weaknesses within individual working
from them. This aspect is even more important groups in these areas while the second section
when these groups are multicultural, interfunctional introduces an element of competition between the
and geographically dispersed. groups. Since all of the training takes place in
locations outside Trieste, the experience is intense
Team Building and constant - learning comes not only through the
MIRM puts strong emphasis on teamwork right exercises and feedback but also through informal
from the start of the course with an outdoor training moments such as mealtimes. The result is an
session for the whole course. This is aimed at exhausting but rewarding introduction to new
icebreaking and setting the foundations for team- colleagues and the challenges of team work.
building within working groups. The basic format
revolves around simulation exercises which test
creativity, problem-solving, communication,
leadership and trust-building skills.
 15
In-the-field Projects

Knowledge Centre Examples:

Responding to the precise expectations of the
sponsor companies, MIRM has set the strategic A field project on competitive analysis of the
goal of creating a “knowledge centre” in the insurance industry and on enterprise-wide risk
insurance and risk management sector, recognised management for insurance companies in Italy has
at the Italian and European level. For this reason, been developed with PriceWaterhouseCoopers
besides training activities, the School is strongly Advisory.
committed to research activities, carried out in Participants gained an overview of the insurance
collaboration with leading companies. industry in terms of competitive dynamics, main
players, insurance products, distribution channels
MIRM Staff carries out some of these important and key financial performance indicators.
researches and studies together with participants, The goal of the project was the analysis of the
solutions adopted by insurance companies in the
so working groups are asked to apply insurance
field of risk management for investments, life and
techniques, instruments of risk management and
non life insurance, risk integration and capital
management tools to specific projects. allocation.

Real Consulting Projects In 2006, with the invaluable support of the Research
Thanks to the methods used, the support offered Department of Assicurazioni Generali, we have
by the faculty and the nature of the information begun developing a permanent observatory of the
resources and technology used, these projects can leading European insurance groups.
The main phases of the study are:
be considered as true consulting projects that benefit
1. financial analysis of the insurance groups based
sponsor and partner companies.
on available information;
2. strategic analysis;
3. comparative analysis of the insurance groups;
4. role playing the presentation of results to an
audience of potential institutional investors.
 17
Company workshops and
international study tours

MIB School of Management is an international

business school thanks to its worldwide relations, Some companies and institutions involved
its international faculty, its participants from around in the workshops & study tours:
the world, and its collaboration with global business
partners. Allianz
Assicurazioni Generali
MIRM, one of MIB’s international programmes -
with 40% of the students and 20% of the faculty Audi
coming from outside Italy - promotes many Cass Business School - City University
international activities: elective courses, seminars, Citigroup
conferences, and relations with other business Goldman Sachs
schools.
illycaffè
International Study Tours Lloyd Adriatico Assicurazioni
Two main international missions are organised, one Lloyd’s of London
in Munich and the other in London, during which MARSH - London
company visits and seminars at other business
Unipol Assicurazioni
schools are planned.

Workshops
Company visits are designed to give participants an
understanding of a company from the inside and
create business contacts which may prove useful
in the future.
Then a number of company workshops are run for
in-the-field examination of topics linked to insurance
and risk management in the industrial and financial
sectors.
18
MIRM Events

The MIRM staff organises workshops and roundtable discussions on the most topical and on all the latest
issues in the insurance and financial world.

These events are both an excellent opportunity for students to have direct, interactive contact with the
business world, as well as a chance for “experts” to meet and exchange ideas and experiences.

Past events:
“SOLVENCY II: PRUDENTIAL CONTROL, RISK MANAGEMENT, GLOBAL COMPETITIVENESS”
“INVESTMENT STRATEGY IN A LATE ENVIRONMENT”
“MODELLING MORTALITY DYNAMICS FOR THE PENSIONS AND ANNUITY BUSINESS”
“THE FUTURE OF PENSIONS AND OCCUPATIONAL FUNDS”
“ENTERPRISE WIDE RISK MANAGEMENT IN THE INSURANCE SECTOR”

For the latest information on the events organised by the MIRM staff, visit our web address [Link]/mirm

In the section on MIRM productions, you can find the various studies conducted, the latest list of all events
as well as event documents.
 19
Company Relations

The collaboration between MIRM and sponsor and STEERING COMMITTEE

partner companies begins with the In particular one of the special features of the
SELECTION PROCESS representatives of the MIRM is the support provided by its steering
companies work with the staff in choosing the finest committee, which, in addition to the MIRM
profiles for the programme staff, brings together representatives of the
historical sponsor companies. The steering
providing
committee meets usually once a month, thus
SCHOLARSHIPS the School is able to provide allowing the continuous exchange of opinions
a sizeable number of scholarships thanks to the and the indication of needs between the course
financial contribution of the sponsor companies and sponsor and partner companies -
continues during
CLASS ACTIVITIES many company testimonials
are involved in the class activities to bring the direct NETWORKING
knowledge and experience gleaned in their The steering committee is the core of a highly
companies, in the form of case studies, company effective network in which the committee
workshops, seminars, roundtables and in-the-fields members work on an ongoing basis with the
projects course staff in order to both strengthen
and relations with existing companies and to involve
new ones in MIRM activities.
INTERNSHIP sponsor and partner companies This constant support is a great help to the
act as guides for the project work and effect a close staff both in classroom activities and in
evaluation of participants, with a view in part to the organising conferences and roundtable
subsequent placement process, discussions on the latest issues with the
and finishes providing participation of leading industry players.
PLACEMENT most MIRM graduates quickly find
a position in the companies collaborating in the
programme.
20
Career Counselling

The main objective for MIRM’s participants is to Career guidance support is available for participants
improve career prospects. throughout the year through a combination of:
• One-to-one interviews and career
Career Orientation Service Office orientation aptitude tests.
Through the Career Orientation Service activities,
• Training on recruitment procedures.
the School is able to develop personal and
professional competencies which are in line with • Assistance in defining the most effective strategy
the requests of target companies. to achieve career objectives.
The Career Orientation Service plays a role • Individual coaching on career choices.
throughout the course, from selection process to • Lectures and personalised counselling on
internship period and subsequent placement. cover letters, résumé and job interviews.
• Mailing of résumés (CV book) to sponsor
Career Choices and partner companies.
During the course a series of activities enable each
• Organisation of individual job interviews
participant to optimise career choices like: specific
between participants and recruiters.
panels and seminars with professionals and company
presentations. These sessions provide participants
with useful information on labour market trends and
help them identify career opportunities in line with
their goals and abilities.
 21
Career Opportunities

Numerous new career opportunities are developing

in the field of insurance and risk management, PLACEMENT RESULTS
demonstrating the recent diversification and constant Only 3 months after the end of the course,
growth of the sector. over 90% of graduates had found a job position
Insurance, finance and industrial companies are in line with their aspirations.
looking for highly qualified people to develop However our career service receives a high
appropriate strategies to protect firms from financial number of job offers: we are able to satisfy
and operational risks. only 60% of them.
This demonstrates the high and rising interest
The MIRM staff provides guidance in targeting shown by the business world for our graduates.
positions based on function, sector, company
typology and geographical location aiming to fulfil
both participant’s attitude and companies’ needs.

MAIN RECRUITERS:

Antonveneta Assicurazioni
Aon
Assicurazioni Generali
Aurora Assicurazioni
Banca di Credito Valtellinese
Banca Generali
Banca Intesa
Banca Nazionale del Lavoro
Capgemini Italia
Desio Vita
Ernst & Young
Fincantieri
GAN Assicurazioni
Generali Asset Management SGR
Key Partners
KPMG
Lloyd Adriatico Assicurazioni
Marsh
Monte dei Paschi Life
PricewaterhouseCoopers
Prometeia
Q8
RAS
Unipol
Unisalute Assicurazioni
Unisys
Vittoria Assicurazioni
Willis
22
Participants and Selection Process

WHO CAN APPLY

The aim of the School is to attract brilliant
candidates with a clear orientation towards a
managerial career, graduated preferably in
economics or in a technical subject, wishing
a fruitful career development.
The MIRM course is intended both for young
graduates with no work experience and those
who are more experienced. As such, MIRM
sets the goal not only of educating graduates
to enter the national and international labour
markets, but also of preparing young people
already employed, ready to return to their own
firms after a significant educational experience.

HOW TO APPLY
The process begins when the candidate fills
in the on-line application form, that can be
found at [Link] . The form is intended
to gather biographical information about the
candidate and stated motivation for applying
to the programme.

SELECTION PROCESS
Successful candidates will be invited to the
School for taking two written tests and a
motivational interview.
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.

The selection process may also be carried

out remotely, so international candidates may
ask to be selected in their own country without
coming to Trieste.
 23
Tuition fees, scholarships and living expenses

The tuition fees for the MIRM are € 15,000

(excluding 20% VAT).

Fees include:
• Core course and seminars
• Teaching materials
• Transport and lodging during company workshops TYPICAL CLASS PROFILE:
• Access to computers and Wi-Fi Internet Average number of participants 23
• Access to Bloomberg database
Average Age 28
• Career counselling
Males 68%
Scholarships
Females 32%
The School is able to provide a sizeable number
of scholarships thanks to the financial Average years of working experience 2.17
contribution of the MIRM’s sponsor
International Participants 39%
companies.
The scholarships are awarded on the basis of
the School’s evaluation and in accordance with
the specific indications provided by the
companies offering the financial support. University Background on average:

Economics & Business 50%

Living expenses in Trieste vary greatly
according to individual standard of living. Statistics and Actuarial Sciences, Mathematics 22%
Monthly expenses such as food & lodging and Science/Engineering 18%
transport are about € 550. Obviously, budgeting
Law/Political Science 10%
will need to take into account any extras an
individual may feel necessary.
24
A typical day at School

Lunchtime is coming! We feel the scent of the

various kinds of pastas. Let’s go to have lunch. Una
lasagna, una insalata, cinque e cinquanta, buon
appetito

And now ladies and gentlemen, Professor Tim Baxter

shows us during the afternoon lectures, the efficient
way of presentation, intercultural negotiation, one
by one communication. Later we can utilize the
team-building roles given by him, when we are
working on our project. As we get closer and closer
Zsolt Nemeth
to the deadline, we really look like a real group. We
MIRM 2005
complement each other, and it works. Everybody
knows what to do, how to reach the key goal.
Bus no.11 wends its way to Palazzo Ferdinandeo
with three Hungarians aboard, among them me. All
The computer lab is getting silent and empty; it’s
of us are daydreaming about the study-tour we took
time to leave the school. Let’s quickly check the e-
in Munich a couple of days ago. But we have no
mails. Oops, 2 reminders! Tomorrow I’ll have an
time to let our imagination run too far, because at
appointment, to clarify the circumstances of my
the next stop the some other MIRM guys are taking
internship. Important! Be prepared!
the same bus, and the never-ending story starts
Reminder No.2: Tonight calcio at Luigi’s place. Let’s
again. How was the presentation ? Do you
see: Italian football, Luana’s “super-delicious” Italian
remember when .? Did you finish the project
food, Italian wine.
work ..? In a few minutes we arrive at the
What else do we need?
prestigious MIB School of Management building,
and the day has just started.
We know that we will not be missing anything when
friends are together.
In the cafeteria the essential Italian coffee is waiting
for us with nutella-filled doughnuts.
I almost forgot some minor details.
I’m Zsolt Nemeth from Hungary, participating in the
Professor Pitacco’s slides are ready to help us to
Master in Insurance and Risk Management - MIRM6.
memorize life insurance techniques - mortality tables,
technical reserves, safety loading, probabilities,
Take the risk, my friends!
death benefit ..what?
Before, I thought that the expression “life techniques”
- as we say - is about having fun, enjoying life. But
now I know that the risk of our life is something
different. How can you prepare for the challenges
of life? Are you able to face the obstacles? Should
you take the risk?
I’m dreaming while Tom - my Slovenian friend - asks
questions, and Francesco makes notes
continuously . And we get deeper and deeper into
the beautiful actuarial science of life insurance.
 25
Alumni Association

The School’s Alumni Association is a focal point for MIRM graduates. The Association aims to
encourage, develop and consolidate ties between alumni of the various editions and programmes,
as well as between the alumni and MIB School of Management itself.

The Association, in close collaboration with the School, assists in the professional growth of
graduates through its extensive networking potential and commitment to lifelong learning.

Networking allows graduates to share experiences, information and knowledge in order to ensure
that their professional skills are constantly improved.

Alessandro Profumo, C.E.O. Unicredit Mario Draghi, Governor Banca d'Italia

Honoris Causa 2005 Honoris Causa 2004
26
Trieste: in the heart of Europe

Thanks to its history, its role and geographical An openness and richness that continues today in
position, Trieste is a natural point of reference for numerous institutions and companies at the highest
the new Europe. It has always been a city with a international levels, operating in finance and
very strong multicultural and international calling: insurance (Assicurazioni Generali, Lloyd Adriatico,
an economic and cultural crossroads, a cosmopolitan RAS, etc.), science (Area Science Park, Scuola
centre since the Habsburg era, where over the Internazionale Superiore di Studi Avanzati SISSA,
centuries many different religions, cultures, Centro Internazionale di Fisica Teorica, Laboratorio
languages and economic activities have flourished di Luce al Sincrotrone, ecc.), production (illycaffè,
and co-existed. Fincantieri, Stock, ecc.) and logistics (Pacorini Group,
Porto di Trieste, Lloyd Triestino).
 27

In this context, course participants experience in a make it the ideal scenario for a number of activities
really liveable city, where the quality of life is among linked to leisure, trips out of town and sport:
the highest and most appreciated in Italy. from sailing to diving, from mountain bike rides to
In 2005 Trieste was ranked first for its quality of life trekking, from mountaineering to a simple walk in
by Il Sole 24 Ore, leading Italian financial newspaper. the woods, all just a few minutes from the city
The city has in fact maintained a rich legacy of centre.
cultural institutions, theatres, museums, libraries, Openness, cosmopolitanism, quality of life: the
and historical cafés that make its central European legacy of the past that Trieste experiences today
atmosphere unique and full of life. and projects into the future.
The city’s special position, between the sea and the Sharing these distinctive aspects and being part of
Carso highlands, a few kilometres from the Alps, them makes MIB School of Management truly unique.
28
Extra Curricular Activities

Various extra-curricular activities are organised to broaden the MIRM experience.

These activities involve not only MIRM participants but also participants on other programmes,
teaching staff and graduates from past years.

Although participation is not compulsory, it is an important part of what makes MIRM a unique
experience.

Typical activities that run through the year include nights at the theatre, screening original
language films and guided tours to sights and exhibitions. Sports also play a leading role in social
activities with football, volleyball and skiing being particularly popular pastimes.
 Feel free to contact us for any further
information:

info-mirm@[Link]

Students Office
Tel. +39 040 9188 111

[Link]

Friuli Venezia Giulia

Trieste

MIB School of Management reserves the right to make changes affecting policies, fees, curricula, or any other matters announced in this publication
 fotografie Foto Bruni, Max Morelli, Archivio MIB / grafica Daria Longo / stampa Graphart ts

MIB School of Management

Largo Caduti di Nasiriya, 1 - 34142 Trieste, Italy
tel. +39 040 9188111 - fax +39 040 9188112
info@[Link] - [Link]
X edition

Master in
Insurance & Risk Management

SPONSOR COMPANIES

Partner Companies
ABN AMRO, Accenture, Alleanza Assicurazioni, Banca Intesa, Bain & Co, Banco Popolare
di Verona e Novara, BNL, CEA, Citigroup, Chiara Vita, Ernst & Young, Eurizon, Finanziaria
Internazionale, GeneralCologne Re., Generali Asset Management, Genertel, Goldman
Sachs, Gruppo di Credito Valtellinese, HDI Assicurazioni, Lloyd’s of London, MACFIN,
McKinsey&CO., Mondial Assistance, Munich RE, Pioneer Investment Management,
PricewaterhouseCoopers Advisory, Prometeia, Tillinghast - Towers Perrin, UniCredit,
Vittoria Assicurazioni, Zurich International Italia.