Basic Insurance Mathematics
7.5 credits cr.
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In this course we consider insurance related questions in terms of mathematics, and use insurance mathematical methods to solve both basic and (through case studies) more in-depth problems.
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)
The course consists of two elements, theory and case studies.
Instruction is given in the form of lectures, exercise sessions, case studies and seminars.
Examination for the course is done with a written examination, and presentation of the case studies.
A list of examiners can be found on
ScheduleThe schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course.
Note that the course literature can be changed up to two months before the start of the course.
Material is provided by the department, details can be found on the course web.