In this seminar, we are going to focus on some topics in actuarial science, including Catastrophe insurance, long-term care insurance and risk management. We are specifically dealing with government disaster relief, public long term care insurance, and topics related to technology risk and background risk. The seminar is based on scientific papers that summarize recent results in this area.

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. 

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.

1. Philippi, T., & Schiller, J. (2024). Abandoning disaster relief and stimulating insurance demand through premium subsidies. Journal of Risk and Insurance, 91(2), 339-382.
2. Hinck, S. (2024). Optimal insurance contract design with government disaster relief. Journal of Risk and Insurance, 91(2), 415-447.
3. Dietz, S., & Niehörster, F. (2021). Pricing ambiguity in catastrophe risk insurance. The Geneva Risk and Insurance Review, 46(2), 112-132.
4. Cremer, H., Gahvari, F., & Pestieau, P. (2017). Uncertain altruism and the provision of long term care. Journal of Public Economics, 151, 12-24.
5. Boyer, M. M., & Glenzer, F. (2021). Pensions, annuities, and long-term care insurance: On the impact of risk screening. The Geneva Risk and Insurance Review, 46(2), 133-174.
6. Borsenberger, C., Cremer, H., Joram, D., Lozachmeur, J. M., & Malavolti, E. (2024). The Design of Insurance Contracts for Home versus Nursing Home Long-Term Care.
7. Peter, R., & Hofmann, A. (2024). Precautionary risk-reduction and saving decisions: Two sides of the same coin?. Insurance: Mathematics and Economics, 118, 175-194.
8. Li, L., & Peter, R. (2021). Should we do more when we know less? The effect of technology risk on optimal effort. Journal of Risk and Insurance, 88(3), 695-725.
9. Hinck, S., & Steinorth, P. (2023). Insurance demand in the presence of loss‐dependent background risk. Journal of Risk and Insurance, 90(4), 991-1026.