Actuary Science: Mathematics of Indemnity Insurance
(dt. Aktuarwissenschaften: Schadenversicherungsmathematik)
|Level, degree of commitment in original study programme||Advanced module, compulsory elective module|
|Forms of teaching and learning,
|Lecture (2 SWS, mit integrierten recitation classen), |
90 hours (30 h attendance, 60 h private study)
Course requirement: Successful completion of at least 50 percent of the points from the weekly exercises.
Examination type: Written examination
|German,The grading is done with 0 to 15 points according to the examination regulations for study course M.Sc. Business Mathematics.|
|Original study programme||M.Sc. Wirtschaftsmathematik / Wirtschaftsmathematische Anwendungsmodule|
|One semester, |
Regelmäßig im Wechsel mit anderen advanced moduleen 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
- 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
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.
None. The competences taught in the following modules are recommended: either Linear Algebra I and Linear Algebra II or Basic Linear Algebra, either Analysis I and Analysis II or Basic Real Analysis, Elementary Stochastics.
- Schmidt, K. D., „Versicherungsmathematik“, 3. Auflage 2009, Springer
This page describes a module according to the latest valid module guide in Wintersemester 2019/20. 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:
- WiSe 2016/17 (no corresponding element)
- SoSe 2018 (no corresponding element)
- WiSe 2018/19
- WiSe 2019/20
- WiSe 2020/21
- SoSe 2021
- WiSe 2021/22
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.