Actuarial mathematics

Course Description

Students who pass this course will master the basics of interest rates and discrete cash flow. Students will understand fundamental probabilistic notions and match them with basic concepts in statistics. Using those, students will be able to define mathematical models in life and general insurance. Utilizing learned models, students will outline calculations of cash flows contingent on survivorship, premiums and reserves.

Study Programmes

Postgraduate spec. study

Literature

John J. McCutcheon, William F. Scott, Institute of actuaries (Gran Bretagna) (1986.), An Introduction to the Mathematics of Finance,
Roxy Peck, Chris Olsen, Jay L. Devore (2011.), Introduction to Statistics and Data Analysis, Cengage Learning
Alistair Neill (1977.), Life Contingencies, Institute of Actuaries
David Granville Hart, Robert Andrew Buchanan, Bruce Anthony Howe (2007.), The Actuarial Practice of General Insurance,
Roger J. Gray, Susan M. Pitts (2012.), Risk Modelling in General Insurance, Cambridge University Press

For students

General

ID 209122
  Winter semester
4 ECTS
L3 English Level