Life Insurance Mathematics

7.5 credits

Syllabus, Master's level, 1MS015

This course has been discontinued.

A revised version of the syllabus is available.

Code: 1MS015
Education cycle: Second cycle
Main field(s) of study and in-depth level: Mathematics A1F
Grading system: Fail (U), Pass (3), Pass with credit (4), Pass with distinction (5)
Finalised by: The Faculty Board of Science and Technology, 15 December 2008
Responsible department: Department of Mathematics

Entry requirements

120 credit points including Markov Processes

Learning outcomes

In order to pass the course (grade 3) the student should be able to

give an account of issues of mathematical, statistical and economic nature that are important for the life insurance business;

give an account of basic methods in the area of life insurance mathematics;

carry out insurance calculations and interpret, asses and present results obtained.

Content

The probabilistic foundations for life insurance. Statistical analysis of life length and mortality. Calculation of premium and premium reserve. Other topics in basic life insurance.

Instruction

Lectures, problem solving sessions and computer-assisted laboratory work.

Assessment

Written and, possibly, oral examination at the end of the course. Compulsory assignments and laboratory work during the course.

Reading list

No reading list found.