Actuarial mathematics constitutes the mathematical foundation of the insurance business. The stochastic nature of accidents and the length of people's lives make uncertainty an integral part of this business. The course Actuarial Mathematics provides students with essential knowledge and tools required to explore the consequences of uncertainty as well as to solve other mathematical and statistical problems arising in the insurance business. The concepts of risk theory and risk processes are introduced. Various forms of life insurance and their mechanisms are considered. Insurance models, reinsurance contracts, different types of distributions and simulation methods for both claim sizes and claim numbers will be analysed in the framework of non-life insurance. A computer software package is used throughout the course.
Occasions for this course
Autumn semester 2021
2021-08-30 - 2021-11-07 (part time 50%)
Course syllabus & literatureSee course plan and literature list (MMA713)
At least 120 credits in the technical, natural sciences, business administration or economics areas where Probability 7,5 credits or equivalent is included and a TOEFL test result, minimum score 173 (CBT), 500 (PBT) or 61 (iBT) or an IELTS test result with an overall band score of minimum 5,0 and no band score below 4,5. The English test is COMPULSORY for all applicants except citizens of Australia, Canada, Ireland, New Zealand, United Kingdom and USA.