Module Handbook

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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

  • Elementary financial mathematics (calculation of interest),
  • Mortality,
  • Insurance benefits,
  • Net premiumsand net actuarial reserves,
  • Inclusion of costs,
  • Life related insurance,
  • Various reject causes.

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:

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.)