After successful completion of the course, students are able to...

• describe the basics of actuarial modeling,
• explain and apply the modeling process (Actuarial Control Cycle),
• choose the models according to the situation,
• understand calibration, validation and sensitivity tests
• assess the adequacy of basic models in life insurance, especially with regard to Solvency II and composite insurance.

• Basics of actuarial modelling
• The modelling process (Actuarial Control Cycle)
• Modelchoice, calibration, validation, sensitivity analysis
• Basic models in life insurance and non-life insurance with special focus on Solvency II

The basic contents and concepts are presented by the head of the LVA and illustrated and discussed with the help of examples.

The performance is assessed by an examination at the end of the semester.
See: https://fam.tuwien.ac.at/lehre/pr/

Anmeldung nur für Vorlesungsunterlagen notwendig!

Idealerweise wurden vorab folgende Vorlesungen besucht:
- Lebensversicherungsmathematik
- Sachversicherungsmathematik (Reservierungsmethoden, Prämienmodellierung, Rückversicherung)
- Statistik und Wahrscheinlichkeitstheorie
- Buchhaltung und Bilanzierung im Finanzwesen