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This entry is from Summer semester 2018 and might be obsolete. No current equivalent could be found.

Actuary Science: Mathematics of Indemnity Insurance
(dt. Aktuarwissenschaften: Schadenversicherungsmathematik)

Level, degree of commitment Specialization module, depends on importing study program
Forms of teaching and learning,
Lecture (2 SWS, mit integrierten recitation classen),
90 hours (30 h attendance, 60 h private study)
Credit points,
formal requirements
3 CP
Course requirement(s): Written examination
Examination type: Successful completion of at least 50 percent of the points from the weekly exercises.
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Mathematics.
Subject, Origin Mathematics, M.Sc. Business Mathematics
One semester,
Regularly alternating with other specialization modules in Versicherungsmathematik
Person in charge of the module's outline Dr. Michael Schüte, Prof. Dr. Hajo Holzmann


Risk models and premium calculation

  • Basic terms individual/collective model
  • Panjer distribution class


  • Data: Risk classes, major loss problems
  • Models and estimation methods
  • Premium differentiation and selection effects

Damage reservation

  • Basic terms and models
  • Procedure for reserving claims

Reinsurance and risk sharing

  • Forms and reasons of risk sharing
  • Impact of risk sharing on key figures

Principles of premium calculation for reinsurance treaties

Qualification Goals

The students shall

  • learn the basic concepts and models of non-life insurance mathematics,
  • be able to assess the appropriateness of the models/methods of non-life insurance mathematics.


Translation is missing. Here is the German original:

Keine. Empfohlen werden die Kompetenzen, die in den Basismodulen Analysis und Lineare Algebra sowie im Aufbaumodul Elementare Stochastik vermittelt werden.

Recommended Reading

  • Schmidt, K. D., „Versicherungsmathematik“, 3. Auflage 2009, Springer

Please note:

This page describes a module according to the latest valid module guide in Summer semester 2018. Most rules valid for a module are not covered by the examination regulations and can therefore be updated on a semesterly basis. The following versions are available in the online module guide:

The module guide contains all modules, independent of the current event offer. Please compare the current course catalogue in Marvin.

The information in this online module guide was created automatically. Legally binding is only the information in the examination regulations (Prüfungsordnung). If you notice any discrepancies or errors, we would be grateful for any advice.