Courses Exchange Display 2016-2017

Course Description To PDF
Course title Life Insurance II
Course code EBC4120
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
5 18-4-2017 9-6-2017 X X
Level Advanced
Coordinator Eric Beutner
For more information: e.beutner@maastrichtuniversity.nl
Language of instruction English
Goals
To become acquainted with statistical models that can be used in life insurance.
Description
The course aims at providing the students with statistical models that are useful in life insurance. We discuss methods to model mortality rates. A particular focus is on the Lee-Carter model and its extensions. We also learn how to estimate these models. Furthermore, students get an introduction to statistical models, in particular regression models, that are appropriate for lifetime distributions. For instance, we address the Cox-model, the AFT model and multiple decrement models. We then discuss how these models can be used to calculate life insurance premiums.
Literature
Research articles, the slides of the course.
Prerequisites
Probability Theory and Mathematical Statistics.
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment
Assessment methods (indicative; course manual is definitive) Final Paper / Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Econometrics and OR Actuarial Science
Master Econometrics and OR Econometrics & OR Electives
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