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Lecturer(s)
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Pavlačka Ondřej, RNDr. Ph.D.
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Course content
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1. Basic concepts of Actuarial Mathematics and the Insurance System. 2. Life insurance Mathematics. Mortality intensity, mortality laws. Analytical distributions of the future lifetime. Life tables. Basic principles of life insurance. 3. Net single premium and net premium of life insurance and annuities insurance. 4. Gross single premium and gross premium of life insurance and annuities insurance. 5. Net premium reserves and gross premium reserves of life insurance and annuities insurance. 6. Multiple life insurance. 7. Pension insurance. 8. Health insurance.
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Learning activities and teaching methods
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Lecture, Demonstration, Projection (static, dynamic)
- Attendace
- 39 hours per semester
- Preparation for the Course Credit
- 20 hours per semester
- Preparation for the Exam
- 35 hours per semester
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Learning outcomes
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To be able to apply probability theory and principles of financial mathematics to actuarial calculations in life insurance
Comprehension, application To be able to calculate values of nettopremium, premium and net premium reserves and premium reserves in Life Insurance.
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Prerequisites
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KMA/PMS1 or KMA/PST1, KMA/FIM1.
KMA/FIM1 and KMA/PST1
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Assessment methods and criteria
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Oral exam, Student performance
Credit: to have the demanded presence in the Exercises, to pass the written test. Exam: the student has to show basic knowledge of life-insurance, pension and health insurance and he/she has to be able to apply the basic principles of life insurance mathematics to calculations of single premiums, premiums and premium reserves.
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Recommended literature
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H. U. Gerber. (1995). Life Insurance Mathematics. Springer.
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T. Cipra. (1999). Pojistná matematika - teorie a praxe. Ekopress.
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T. Cipra. (1994). Pojistná matematika v praxi. HZ Praha.
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