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105.325
Life and health insurance mathematics
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2006W, VO, 3.0h, 4.5EC
Properties
Semester hours: 3.0
Credits: 4.5
Type: VO Lecture
Aim of course
Actuarial models for life, disability and health insurance, presentation of established and modern methods, compilation of best-estimate actuarial assumptions, calculation of premiums and actuarial reserves, calculation of the total loss
Subject of course
(I) Insurance of several lifes, total loss in a portfolio, collective model, Panjer recursion, reinsurance and types of contracts, inclusion of costs, sufficient premium, sufficient actuarial reserves (II) Construction of cohort life tables: methods for estimating mortality probabilities, tests for a trend, Whittaker-Henderson graduation of the raw data, Life table projection, mortality of old ages, confidence interval, selection effects (III) Markovian model for life insurance (discrete time): Examples of life insurance contracts, Markov property, Chapman-Kolmogorov equations, transition matrices, payment streams, prospective reserve, net actuarial reserves, Thiele's differential equation, examples of premium calculations (e.g. survivorship annuity, guaranteed annuities), annuities with payments for periods of less than a year, difference equation for the higher moments of the present value, recursion formula for the distribution function of the present value (IV) Introduction to the mathematics of health insurance
Lecturers
Schachermayer, Walter
Institute
E105 Institute of Statistics and Mathematical Methods in Economics
Course dates
Day
Time
Date
Location
Description
Tue
12:30 - 13:45
03.10.2006 - 31.01.2007
FH Hörsaal 2
SCHACHERMAYER
Thu
12:00 - 13:15
05.10.2006 - 31.01.2007
FH Hörsaal 7 - GEO
SCHACHERMAYER
Show single appointments
Life and health insurance mathematics - Single appointments
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2
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Day
Date
Time
Location
Description
Tue
03.10.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
05.10.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
10.10.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
12.10.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
17.10.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
19.10.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
24.10.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
26.10.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
31.10.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
02.11.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
07.11.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
09.11.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
14.11.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
16.11.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
21.11.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
23.11.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
28.11.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
30.11.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
Tue
05.12.2006
12:30 - 13:45
FH Hörsaal 2
SCHACHERMAYER
Thu
07.12.2006
12:00 - 13:15
FH Hörsaal 7 - GEO
SCHACHERMAYER
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1
2
N
E
Examination modalities
oral exam
Course registration
Not necessary
Curricula
Study Code
Obligation
Semester
Precon.
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Literature
No lecture notes are available.
Language
German