NMAK19004U Advanced Topics in Modern Life Insurance
MSc Programme in Actuarial Mathematics
Selection of topics related to modeling, reserving, and pricing for life insurance and pensions with a strong connection to present research. Topics may include but are not limited to: policyholder behavior, state-wise projection of reserves, projection of balances in life insurance, risk-margin calculations, and market consistent valuation.
At the end of the course the student is expected to have:
Knowledge about selected topics in modern life insurance mathematics.
Skills to formulate practical problems in life insurance mathematics in a theoretical framework.
Skills to orally present the key aspects of the topics covered in the course and to apply theory from the course.
The course will strengthen the student's competences to navigate inside the classic Markov life insurance setup and develop the student's ability to formulate and handle new models inside this setup.
The course literature will primarily consist of research papers from actuarial journals, which will be made available on Absalon.
Academic qualifications equivalent to a BSc degree is recommended.
- Theory exercises
- 7,5 ECTS
- Type of assessment
- Oral examination, 30 min, no preparation time...
- Exam registration requirements
To participate in the exam, one mandatory homework set must be approved
- Without aids
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
Several internal examiners.
Same as the ordinary exam. If the homework set is not approved before the ordinary exam, the non-approved set must be approved no later than three weeks before the beginning of the re-exam week.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.