- Elementary financial mathematics (calculation of interest),
- Mortality,
- Insurance benefits,
- Net premiumsand net actuarial reserves,
- Inclusion of costs,
- Life related insurance,
- Various reject causes.
Module MAT-61-18-M-7
Life Insurance Mathematics (M, 4.5 LP)
Module Identification
| Module Number | Module Name | CP (Effort) |
|---|---|---|
| MAT-61-18-M-7 | Life Insurance Mathematics | 4.5 CP (135 h) |
Basedata
| CP, Effort | 4.5 CP = 135 h |
|---|---|
| Position of the semester | 1 Sem. in SuSe |
| Level | [7] Master (Advanced) |
| Language | [EN] English |
| Module Manager | |
| Lecturers |
Lecturers of the department Mathematics
|
| Area of study | [MAT-STO] Stochastics/Statistics/Financial Mathematics |
| Reference course of study | [MAT-88.B84-SG] M.Sc. Actuarial and Financial Mathematics |
| Livecycle-State | [NORM] Active |
Courses
| Type/SWS | Course Number | Title | Choice in Module-Part | Presence-Time / Self-Study | SL | SL is required for exa. | PL | CP | Sem. | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2V | MAT-61-18-K-7 | Life Insurance Mathematics
| P | 28 h | 107 h | - | - | PL1 | 4.5 | SuSe |
- About [MAT-61-18-K-7]: Title: "Life Insurance Mathematics"; Presence-Time: 28 h; Self-Study: 107 h
Examination achievement PL1
- Form of examination: oral examination (20-30 Min.)
- Examination Frequency: each semester
- Examination number: 86272 ("Life Insurance Mathematics")
Evaluation of grades
The grade of the module examination is also the module grade.
Contents
Competencies / intended learning achievements
Upon successful completion of the module students understand the mathematical and practical foundations of classical life insurance mathematics. They can apply the acquired knowledge to evaluate and determine the cash flows and capital cover of various insurance benefits of life insurance products. They have gained a precise and independent handling of the terms, propositions and methods of the lecture.
It is possible that the course associated to the module is lectured by a mathematician from insurance practice (actuary) under the title "Practical Life Insurance Mathematics". In this case, students gain additional insights into the practical work of an actuary in life insurance.
Literature
- H.U. Gerber: Life Insurance Mathematics,
- M. Koller: Stochastic Models in Life Insurance
Requirements for attendance (informal)
Modules:
- [MAT-10-1-M-2] Fundamentals of Mathematics (M, 28.0 LP)
- [MAT-14-14-M-3] Stochastic Methods (M, 9.0 LP)
Requirements for attendance (formal)
None
References to Module / Module Number [MAT-61-18-M-7]
| Course of Study | Section | Choice/Obligation |
|---|---|---|
| [MAT-88.B84-SG] M.Sc. Actuarial and Financial Mathematics | Actuarial and Financial Mathematics | [P] Compulsory |
| Module-Pool | Name | |
| [MAT-61-MPOOL-7] | Specialisation Financial Mathematics (M.Sc.) | |
| [MAT-62-MPOOL-7] | Specialisation Statistics (M.Sc.) | |
| [MAT-AM-MPOOL-7] | Applied Mathematics (Advanced Modules M.Sc.) |