NMAK19005U Advances in Life Insurance Mathematics
MSc Programme in Actuarial Mathematics
Policy Holder Behavior; Projections of Balances; Projections of Payments; Forward Rates; Prognistication; Variable Annuities.
At the end of the course the student is expected to have:
Knowledge about the topics listed under content.
Skills to formalize and solve problems within the topics listed under content.
Competences in; rational and arbitrary policy holder behavior; formalization of the situation in between; stochastic differential equations to formalize the dynamics of the balance of a pension scheme; valuation techniques from stochastic calculus; valuation problems arising from scenario-dependent policy holder behavior; valuation of variable annuities with options; prognistication conditional on a policy holders course of life.
Academic qualifications equivalent to a BSc degree is recommended.
- 7,5 ECTS
- Type of assessment
- Oral examination, 30 minutes30 minutes oral examination without preparation.
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
Several internal examiners.
The same as the ordinary exam.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.