Courses Master Display 2018-2019
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Course title | Life Insurance II | |||||||||||||||||||||||||||||||||||||||
Course code | EBC4120 | |||||||||||||||||||||||||||||||||||||||
ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
Assessment | None | |||||||||||||||||||||||||||||||||||||||
Period |
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Level | Advanced | |||||||||||||||||||||||||||||||||||||||
Coordinator |
Eric Beutner For more information: e.beutner@maastrichtuniversity.nl |
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Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
Goals |
To become acquainted with statistical models that can be used in life insurance.
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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.
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Literature |
Research articles, the slides of the course.
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Prerequisites |
Probability Theory and Mathematical Statistics.
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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 |
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