Mathematical models of insurance and pension schemes
Course: Systems and methods of decision making
Structural unit: Faculty of Computer Science and Cybernetics
Title
Mathematical models of insurance and pension schemes
Code
ОК.22
Module type
Обов’язкова дисципліна для ОП
Educational cycle
Second
Year of study when the component is delivered
2018/2019
Semester/trimester when the component is delivered
1 Semester
Number of ECTS credits allocated
3
Learning outcomes
Knowledge of the methods of mathematical modelling of life expectancy and properties of financial flows. Ability to calculate the risks of insurance contracts in pension and health insurance.
Form of study
Full-time form
Prerequisites and co-requisites
Knowledge of discrete mathematics, probability theory and mathematical statistics.
Course content
Study of the properties of the survival function, mortality rate, residual life expectancy and other characteristics of life expectancy models. Introduction to the mortality tables. Analysis of life insurance models. Evaluation of the properties of insurance annuities. Calculation of net premiums for long-term health insurance.
Recommended or required reading and other learning resources/tools
Bowers, Newton L., «Actuarial Mathematics», Society of Actuaries, 1997. Keith P. Sharp «Pension mathematics for actuaries, commentary and solutions», University of Waterloo, 2018. C.Wallce Jordan «Life contingencies», Published by Society of Actuaries,1975. Arthur W. Anderson «Pension Mathematics for Actuaries», ACTEX Publications, Connecticut, 2002.
Planned learning activities and teaching methods
Seminars, independent work.
Assessment methods and criteria
Assessment, test.
Language of instruction
ukrainian
Lecturers
This discipline is taught by the following teachers
Igor
Anatoliyovych
Makushenko
Applied Statistics
Faculty of Computer Science and Cybernetics
Faculty of Computer Science and Cybernetics
Departments
The following departments are involved in teaching the above discipline
Applied Statistics
Faculty of Computer Science and Cybernetics