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This entry is from Summer semester 2021 and might be obsolete. No current equivalent could be found.
Mathematics of Personal Insurance: Life Insurance
(dt. Personenversicherungsmathematik: Lebensversicherung)
Level, degree of commitment | Specialization module, compulsory elective module |
Forms of teaching and learning, workload |
Lecture (2 SWS, in Blockveranstaltungen), 90 hours (30 h attendance, 60 h private study) |
Credit points, formal requirements |
3 CP Course requirement(s): Successful completion of at least 50 percent of the points from the weekly exercises. Examination type: Written examination |
Language, Grading |
German,The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Mathematics. |
Duration, frequency |
One semester, Regelmäßig alle 4 Semester |
Person in charge of the module's outline | Prof. Dr. Ernst-Wilhelm Zachow |
Contents
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.
Qualification Goals
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.
Prerequisites
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.
Applicability
Module imported from M.Sc. Business Mathematics.
It can be attended at FB12 in study program(s)
- B.Sc. Mathematics
- B.Sc. Business Mathematics
- M.Sc. Computer Science
- M.Sc. Mathematics
- M.Sc. Business Mathematics
When studying B.Sc. Mathematics, this module can be attended in the study area Compulsory Elective Modules in Mathematics.
The module is assigned to Applied Mathematics. Further information on eligibility can be found in the description of the study area.
Recommended Reading
- Milbrodt/Helbig: Mathematische Methoden der Personenversicherung.
- Walter de Gruyter, Berlin-NewYork, 1999.
Please note:
This page describes a module according to the latest valid module guide in Summer semester 2021. 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:
- Winter 2016/17
- Summer 2018
- Winter 2018/19
- Winter 2019/20
- Winter 2020/21
- Summer 2021
- Winter 2021/22
- Winter 2022/23
- Winter 2023/24 (no corresponding element)
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.