Courses None Display 2026-2027
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| Course Description | To PDF | |||||||||||||||||||||||||||||||||||||||
| Course title | Actuarial Mathematics | |||||||||||||||||||||||||||||||||||||||
| Course code | EBC2122 | |||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
| Assessment | Whole/Half Grades | |||||||||||||||||||||||||||||||||||||||
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| Level | Advanced | |||||||||||||||||||||||||||||||||||||||
| Coordinator |
Marc Schröder For more information: m.schroder@maastrichtuniversity.nl |
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| Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
| Goals |
See course contents.
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| Description |
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.
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| Literature |
"Fundamentals of Actuarial Mathematics" by Promislow
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| Prerequisites |
First two years of the Econometrics and OR bachelor program, in particular Mathematics, Probability Theory, and Mathematical Statistics.
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| 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 |
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| Transitional Regulations |
Note that from 2026-2027 onwards, EBC2208 "Actuarial Sciences" is offered as a replacement course.
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