Projects in the Mathematics of Life Insurance

Course content

Selection of topics in the mathematics of life insurance with an emphasis on research of the present millennium. Topics could include but are not limited to: semi-Markov, non-Markov, and as-if-Markov modeling, non-monotone information, policyholder behavior, and market consistent valuation.

 

In the first three weeks, the students are introduced to interconnected research areas and topical research questions in actuarial science. In the following five weeks, they work (under supervision and in groups) on their own projects related to say an open problem in one of these areas. The (group) project has to be handed in to attend the exam. The exam is individual and consists of an oral defense of the project and a general discussion regarding the content of the course.

Education

MSc Programme in Actuarial Mathematics
MSc Programme in Mathematics-Economics

Learning outcome

Knowledge:

  • In-depth understanding of selected topics in the mathematics of life insurance.
  • Basic insight into the mathematics of life insurance as a research field, including recent trends.

 

Skills:

  • Formulate practical problems from life insurance within mathematical-theoretical frameworks.
  • Summarize, orally as well as in writing, key aspects of an actuarial research paper.

 

Competences:

  • Read and reflect on actuarial research papers.
  • Conduct small, partly independent, research-based projects in the mathematics of life insurance.

 

In addition to the skills and competences listed above, additional skills and competences are developed depending on the selection of topics and the specific and project work of the students.

First three weeks: Six hours of lectures per week.

Beginning at the end of week three and until the end of week seven: An hour of group supervision per week.

The course material will mainly consist of research papers from actuarial journals, which are 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.

Oral
Continuous feedback during the course of the semester

The students will receive continuous formative feedback in groups on their project work in the supervision sessions of weeks 3 till 7.

ECTS
7,5 ECTS
Type of assessment
Oral examination, 30 minutes
Type of assessment details
The mandatory (group) project forms the basis for the oral examination.
The oral exam is without preparation time.
Aid
Only certain aids allowed

The student can bring their (group) project for the examination.

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 they have mastered the learning outcome of the course.

Single subject courses (day)

  • Category
  • Hours
  • Lectures
  • 18
  • Preparation
  • 82
  • Project work
  • 100
  • Guidance
  • 5
  • Exam
  • 1
  • English
  • 206

Kursusinformation

Language
English
Course number
NMAK22010U
ECTS
7,5 ECTS
Programme level
Full Degree Master
Duration

1 block

Placement
Block 4
Schedulegroup
B
Capacity
The number of seats may be reduced in the late registration period
Studyboard
Study Board of Mathematics and Computer Science
Contracting department
  • Department of Mathematical Sciences
Contracting faculty
  • Faculty of Science
Course Coordinator
  • Christian Furrer   (6-6e7d7a7a6d7a4875697c7036737d366c73)
Teacher

Lecturers from academia and industry.

Saved on the 07-04-2022

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