Objectives and competences
The objective is to provide fundamental
theoretical knowledge and practical skills
of actuarial mathematics and insurance business.
The objective is also to enable the students
for additional learning and individual study of new methods.
Content (Syllabus outline)
1. Mathematical basis
2. Probability models
3. General life insurance
4. Recursion formulae
5. Net premiums, commutational functions
6. Net premium reserves
7. Technical gain
8. Expense loadings
9. Premium reserves
10. Multiple decrements
11. Multiple life insurance
12. Portfolio analysis
13. Reinsurance
14. Specific insurances
Learning and teaching methods
Lectures, technical demonstration,
active work, tutorial
Intended learning outcomes - knowledge and understanding
Knowledge and Understanding:
Fundamental theoretical knowledge and practical skills of actuarial work.
Intended learning outcomes - transferable/key skills and other attributes
Transferable/Key Skills and other attributes:
Capabilitiy of understanding and application of knowledge in praxis. Ability of additional learning and individual study of new methods.
Readings
1. Gerber H.U..1996. Matematika življenskih zavarovanj. DMFA Ljubljana, Zavarovalnica Triglav.
2. Bowers N.L., Gerber H.U., Hickman J.C., Jones D.A., Nesbitt C.J:. 1986. Actuarial Mathematics. Itasca, USA..
3. Gerber H.U..1996. Life Insurance Mathematics. Springer. Berlin, New York.
Additional information on implementation and assessment Mid-term testing:
Seminary work
Exams:
Written exam – problems
Written exam – theory
Each of the mentioned assessments must be assessed with a passing grade.
Passing grades of all mid-term testings are required for taking the written exam – problems. Passing grade of written exam – problems is required to take the written exam – theory.
Written exam – problems can be replaced with two mid-term tests.
