Advanced Topics in Modern Life Insurance
Course content
Selection of topics related to modeling, reserving, and pricing for life insurance and pensions with a strong connection to the research of the present century. Topics may include but are not limited to: policyholder behavior, state-wise projection of reserves, projection of balances in life insurance, market dependent transition intensities and market consistent valuation.
MSc Programme in Actuarial Mathematics
At the end of the course the student is expected to have:
Knowledge:
Knowledge about selected topics in modern life insurance
mathematics.
Skills:
Skills to formulate practical problems in life insurance
mathematics in a theoretical framework.
Skills to orally present the key aspects of the topics covered in
the course and to apply theory from the course.
Competences:
The course will strengthen the student's competences to
navigate inside the classic Markov life insurance setup and develop
the student's ability to formulate and handle new models inside
this setup.
5 hours of lectures each week for 7 weeks. In addition to this, a total of 2 x 2 hours of exercise classes where the students can work on their mandatory homework set.
The course literature will primarily consist of research papers from actuarial journals, which will be made available on Absalon.
Stochastic Processes in Life Insurance (LivStok) and Topics in
Life Insurance (Liv2).
Academic qualifications equivalent to a BSc degree is
recommended.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Oral examination, 30 min, no preparation time...
- Aid
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
Several internal examiners.
Criteria for exam assessment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Single subject courses (day)
- Category
- Hours
- Lectures
- 35
- Preparation
- 166
- Theory exercises
- 4
- Exam
- 1
- English
- 206
Kursusinformation
- Language
- English
- Course number
- NMAK19004U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 block
- Schedulegroup
-
C
- Capacity
- No restrictions/ no limitation
- Studyboard
- Study Board of Mathematics and Computer Science
Contracting department
- Department of Mathematical Sciences
Contracting faculty
- Faculty of Science
Course Coordinator
- Debbie Kusch Falden (3-686f6a447165786c326f7932686f)
Teacher
Anna Kamille Petersen,
Debbie Kusch Falden
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