Mathematics of Personal Insurance: Life Insurance
(dt. Personenversicherungsmathematik: Lebensversicherung)
|Level, degree of commitment in original study programme||Advanced module, compulsory elective module|
|Forms of teaching and learning,
|Lecture (2 SWS, in Blockveranstaltungen), |
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 alle 4 Semester
|Person in charge of the module's outline||Prof. Dr. Ernst-Wilhelm Zachow|
Probability theoretical modelling, random variables in personal insurance, biometric and other calculation bases, present values, equivalence principle.
Life insurance mathematics:
Legal framework for life insurance, premium calculation, actuarial provision, accounting principles for life insurance, profit participation and its use, profit analysis, key figures.
The students shall
- get to know the fundamentals of actuarial modelling and actuarial control cycles in life insurance,
- model simple tasks of a practical and theoretical nature independently, then lead them to a solution and present them in a realistic way,
- practice mathematical working methods (development of mathematical intuition and its formal justification, training of the ability to abstract, to prove),
- improve their oral communication skills in the exercises by practicing free speech in front of an audience and during discussion.
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.
- Milbrodt/Helbig: Mathematische Methoden der Personenversicherung.
- Walter de Gruyter, Berlin-NewYork, 1999.
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
- WiSe 2022/23
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.