Introduction to the mathematics of life insurance, description of established applied methods in practice, compilation of financial reports, calculation of premiums, determination of premium reserves, quantification of the risk

Introduction to the mathematics of life insurance, compound interest, perpetuities, annuities, bonds, modelling of the future lifetime, whole life and term insurance, pure endowments, endowments, life annuities, net premiums for the elementary forms of insurance (whole life and term insurance, pure endowments, endowments, deferred life annuities), policies with premium refund, net premium reserves for the different forms of insurance, generalisation of the models, the forms of insurance and the premium reserves to multiple decrements, multiple life insurance, expense loadings, estimating probabilities of death, cross-sectional and generation life tables

Written and oral examination

Lecture notes for this course are available. Kopien des Buchs von Gerber im Sekretariat der Forschungsgruppe FAM erhältlich Hans U. Gerber, Life Insurance Mathematics, Springer-Verlag, Second or Third Edition