After successful completion of the course, students are able to:
Explain the calculation of pensions,
explain how pension funds work,
calculate premia and reserves of health insurance,
explain the theoretical foundations of these calculations,
explain the construction of life tables based on the Lee Carter method,
explain Markov models in life insurance,
describe the differences between classical and unit linked life insurance
Insurance of several lifes, modification of contracts, profit and contribution formula, profit sharing. Markov model. Introduction to pension insurance: public and private disability insurance, widow's insurance, present values and reserves, methods for financing them. The annuity table AVÖ2005R. Pension funds. Introduction to health insurance mathematics (according to life insurance mathematics): claims amount per risk and profiles, reserves, expense loading, conversion of a contract. Unit-linked life insurance contracts.
Lecture, with black board and projector, partially supported by guest lecturers from insurance companies