Further Information
The seminar will be held in English.
If you have any questions, please contact
- Prof. An Chen (e-mail: an.chen(at)uni-ulm.de)
Special Aspects of Insurance Economics
Amount
2/0 SWS (4 ECTS)
Date
This seminar takes place as a block seminar. The attendance at all seminar dates is required.
Date: tba
Room: tba
Registration
If you are interested, use one of the following web-pages:
http://econ.mathematik.uni-ulm.de:3838/semapps/stud_en/ (English version)
http://econ.mathematik.uni-ulm.de:3838/semapps/stud_de/ (German version)
There you can register for this seminar from 29. June until 02. July. (followed by a 2nd round for vacant spots)
Content
In this seminar, we are going to focus on some topics in actuarial science, including insurance pricing, insurance products and risk management. We are specifically dealing with prevention decisions, tontines, and topics related to sustainability-lined bonds, risk attitudes and usage-based insurance. The seminar is based on scientific papers that summarize recent results in this area
Target Group
The seminar is suitable for Master students in Wirtschaftsmathematik, Wirtschaftswissenschaften or Finance. Previous knowledge in Life-, Health-, and Pension-Mathematics, Insurance Economics and Financial Mathematics are helpful.
Seminar Performance
Typically, seminar papers are distributed to a group of 2 students.
The seminar performance consists of three parts:
- A seminar presentation about a selected topic. The presentation typically includes some theoretical derivations / model introduction and some numerical part that applies the results in a realistic setup.
Duration of the presentation: 90 minutes (including discussion).
- A written formulation of the presentation documents as a support for the participants of a maximum length of three pages.
Delivery of the presentation documents: at least one week before the presentation via e-mail to an.chen@uni-ulm.de. The creation of the presentation documents is a performance of the whole group.
- Active participation in this seminar.
Based on the performance, every participant will be credited with an (internal) grade.
Seminar Papers
- Zhang, J., Peter, R., Li, J., & Wang, J. (2026). Risk Aversion and Optimal Prevention: A Monotone Comparative Statics Approach. Available at SSRN 6569858.
- Finger, D., Albrecher, H., & Wilhelmy, L. (2024). On the cost of risk misspecification in insurance pricing. Japanese Journal of Statistics and Data Science, 7(2), 1111-1153.
- Ebert, S., & Karehnke, P. (2025). First-order prudence and its implications for precautionary savings and the risk-free rate. Operations Research, 73(6), 3156-3172.
- Holzapfel, J., Peter, R., & Richter, A. (2024). Mitigating moral hazard with usage‐based insurance. Journal of Risk and Insurance, 91(4), 813-839.
- Milevsky, M. A., & Salisbury, T. S. (2015). Optimal retirement income tontines. Insurance: Mathematics and economics, 64, 91-105.
- Chen, A., Hieber, P., & Klein, J. K. (2019). Tonuity: A novel individual-oriented retirement plan. ASTIN Bulletin: The Journal of the IAA, 49(1), 5-30.
- Chen, A., Hinken, M., & Löffler, G. (2026). When do sustainability–linked bonds lower default risk? A correlation threshold. Finance Research Letters, 109771.
- Feldhütter, P., Halskov, K., & Krebbers, A. (2024). Pricing of sustainability-linked bonds. Journal of Financial Economics, 162, 103944.n, A.,,