About the course
The course covers:
General principles for valuation of stochastic cash flows, interest rates, discounting and present value calculations.
Introduction to basic insurance concepts:
Modelling of claims costs, reserving and premium principles, together with how these concepts differs between non-life and life insurance applications.
Solvency, risk aggregation and risk reducing techniques:
Diversification, modelling of dependencies, risk measures and Solvency II (including financial/investment risks), reinsurance and other risk reducing techniques (including financial/investment risks)