Dates

Tuesdays, H14, 4-6 pm

Thursdays, H14, 2-6 pm

First lecture: Tuesday, Oct 17 2017

Exams

First Exam: Feb 22 2018, 2-5 pm

Second Exam: tba

Notes

Lectures and exercises will be held in English. 

Material

Additional material will be provided via Moodle.

Please sign up for the course in Moodle.

Course Information, etc

You are responsible for all material covered and announcements made in class, whether or not you attend class.

It is highly recommended to check the information available on Moodle regularly.

Topics

The introductory course deals with the mathematical fundamentals of life-, health- and pension-insurance. It covers basic probabilistic models  for the computation of future lifetimes and life-tables, actuarial present values, expected payoffs and safety margins.
With a focus on the German market, the course discusses:

  • the calculation of premiums (principle of equivalence) for immediate and deferred life annuities, pure endowment, life insurance, health insurance and corporate pension schemes
  • the calculation of actuarial reserves
  • the distribution of surpluses.

DAV Exam

Within the lecture it is possible to achieve the certificate of the German actuarial society (DAV) in "Personenversicherungsmathematik (Basiswissen)”. This certificate is a basic require-ment for becoming an actuary in Germany.

This certificate can only be achieved in the first exam (typically in February), it is not possible to get the certificate in the second exam (March/April).

Audience

The lecture is oriented at students enrolled in Wirtschaftsmathematik, Wirtschaftswissenschaften and Finance.
Prerequisites are:

  • „Elementare Wahrscheinlichkeitsrechnung und Statistik“  (WiMa) or „Stochastik und Wirtschaftsstatistik“ (WiWi) (or comparable knowledge of probability theory)
  • „Externes Rechnungswesen“ (or comparable knowledge of  accounting)

Literature

Life-, Health- and Pension-Mathematics:

  • Führer, C., Grimmer, A.: Einführung in die Lebensversicherungsmathematik, 2010, HG 8781/2010 F
  • Neuburger, E.: Mathematik und Technik betrieblicher Pensionszusagen, 1997, HG 8781/1997 N
  • Neuburger, E.: Formeln der Pensionsversicherungsmathematik

Health Insurance Mathematics:

  • Milbrodt, H.: Aktuarielle Methoden der deutschen Privaten Krankenversicherung, 2005, HG 8781/2005 Mb
  • Bohn, K.: Die Mathematik der deutschen privaten Krankenversicherung, 1980, HG 8781/A1.11