After successful completion of the course, students are able to...reflect and explain the theory as well as to apply the learned skills in practice (this is a standard text, which will be updated during September 2019).
Traditional exercises accompagning the lecture. Exercises illustrate and extend the material of the course. We try to solve exercises related to the following topics: Elementary financial mathematics, annuities, perpetuities, introduction to the mathematics of life insurance, mortality tables, commutation numbers, net premium calculation, prospective and retrospective reserves, Zillmer's reserve, expense loadings, conversion of an insurance.
In the exercises, examples that explain, enhance, deepen and expand the lecture are treated.
In this course, students implement explanatory, illustrative and in-depth examples partly under guidance and partly independently and present them; the preparation of the examples forms the basis of the assessment (possibly together with tests).
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