Alexander Bohnert

Prof. Dr. Alexander Bohnert studied Mathematics and Economics at Ulm University and at the University of West Florida (USA). After his doctorate and postdoctoral qualification (Habilitation) at the FAU Erlangen-Nürnberg, he was appointed to Privatdozent at FAU in 2019, was Professor at TUM from 2020-21 and is now Professor of Finance and Risk Management at the Munich University of Applied Sciences (HM). He was a Visiting Scholar at the Aarhus University (Denmark), Florida State University (USA), University of Georgia (USA), University of New South Wales (Australia), and the Waseda University (Japan). In 2019-2022, he was a member of the Board of Governors of the Asia-Pacific Risk and Insurance Association (APRIA). He has worked for several years in the financial services and insurance industry and is a professional actuary of the German Association of Actuaries (DAV). Since 2022, he further is the Chairman of the AFIR-ERM Section (Financial Risks and Enterprise Risk Management) of the International Actuarial Association (IAA). He was Young Economist at the Lindau Nobel Laureate Meeting in 2017, and received twice (2013 and 2018) the Shin Research Excellence Award of the International Insurance Society and the International Association for the Study of Insurance Economics (Geneva Association).His main research fields are (Enterprise) Risk Management, (Life) Insurance Mathematics as well as Digitalization and Innovation in the Insurance Industry.

Determinants and Value of Enterprise Risk Management in European Insurance Companies

Enterprise risk management (ERM) has attracted considerable attention in the literature as well as in the industry and it is vital for managing risks in corporations such as insurance companies and banks. A holistic and comprehensive risk management approach aims at increasing a company’s shareholder value, however, its implementation requires considerable financial and human resources.

The major research objective of this project is to empirically analyze the impact of enterprise risk management on the shareholder value of European insurance companies as well as the identification of company characteristics (determinants) that promote an ERM implementation. The project thus also provides valuable insights for responsible actions and firm decisions regarding the implementation of a risk management system.