Asset-Liability-Management in Insurance (ALM)

Lecturer

tba

Exercises

tba

Dates

tba

Credits

4/2 SWS

See LSF for the module description (including ECTS).

Information

The course language will be English.

Material

  • All course material will be provided via moodle.
  • It is strongly recommended that participants register for the course on moodle before the beginning of the semester.

Content

Asset-Liability-Management (ALM) describes the management and controlling of liabilities and assets within an insurance company. It is based on techniques from actuarial science and financial mathematics. The course covers the most important methods, which are widely used in practice. These methods become more and more relevant for the risk-management and controlling of insurance companies (e.g. due to the "Solvency II" requirements). The course discusses models, which handle the entire insurance company, as well as models, which focus on single insurance products and the matching of insurance guarantees and the asset allocation.

DAV Exam

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

This certificate can be achieved by passing the first exam or second exam.

Main Literature