Courses NonDegree Display 2022-2023
Course Description | To PDF | |||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Course title | Actuarial Mathematics | |||||||||||||||||||||||||||||||||||||||
Course code | EBC2122 | |||||||||||||||||||||||||||||||||||||||
ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
Assessment | Whole/Half Grades | |||||||||||||||||||||||||||||||||||||||
Period |
|
|||||||||||||||||||||||||||||||||||||||
Level | Advanced | |||||||||||||||||||||||||||||||||||||||
Coordinator |
Marc Schröder For more information: m.schroder@maastrichtuniversity.nl |
|||||||||||||||||||||||||||||||||||||||
Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
Goals |
See course contents.
|
|||||||||||||||||||||||||||||||||||||||
Description |
PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. A RE-EMERGENCE OF THE CORONAVIRUS AND NEW COUNTERMEASURES BY THE DUTCH GOVERNMENT MIGHT FORCE COORDINATORS TO CHANGE THE TEACHING AND ASSESSMENT METHODS USED. THE MOST UP-TO-DATE INFORMATION ABOUT THE TEACHING/ASSESSMENT METHOD(S) WILL BE AVAILABLE IN THE COURSE SYLLABUS.
The principal aim of this course is to provide students with a solid grounding in the subject of life insurance and life annuity (including pension) contracts. This subject arises through a fusion of compound interest theory with probability theory and provides the mathematical framework necessary for analysing such contracts. Having developed this framework, we can address issues such as how to determine the premium that should be charged for a certain life insurance contract. |
|||||||||||||||||||||||||||||||||||||||
Literature |
Hans U. Gerber (1997). Life Insurance Mathematics. 3rd edition Springer.
|
|||||||||||||||||||||||||||||||||||||||
Prerequisites |
First two years of the Econometrics and OR bachelor program, in particular Mathematics, Probability Theory, and Mathematical Statistics.
|
|||||||||||||||||||||||||||||||||||||||
Teaching methods (indicative; course manual is definitive) | PBL / Lecture / Assignment | |||||||||||||||||||||||||||||||||||||||
Assessment methods (indicative; course manual is definitive) | 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 |
|