News
Update regarding exam venueWritten on 22.08.23 by Frederik Herzberg The oral exams for our lecture course have now been scheduled to be held in seminar room 1 (building E2_5, room U.37). Please ignore any previous information regarding the exam venue. The individual exam times have been sent by e-mail to all who have registered. |
Exam dates - please register by 8 August 2023Written on 20.07.23 by Frederik Herzberg The oral examinations (duration: 25 minutes) for our lecture course will be held on the following days:
Please register for the exam in LSF and also reserve your preferred exam date by sending a short e-mail to herzberg@math.uni-sb.de (no… Read more The oral examinations (duration: 25 minutes) for our lecture course will be held on the following days:
Please register for the exam in LSF and also reserve your preferred exam date by sending a short e-mail to herzberg@math.uni-sb.de (no later than 8 August 2023). The default language of the exam will be English. Depending on the availability of a German-speaking co-examiner, a German exam may also be possible. If you prefer a German exam, please indicate this when reserving your exam date. Wishing you the best of success in your exam. |
German Society for Insurance and Financial Mathematics (DGVFM): Orientation event for studentsWritten on 05.07.23 by Frederik Herzberg In regular intervals, the German Society for Insurance and Financial Mathematics (DGVFM) offers orientation events for students considering a career in actuarial or financial mathematics. The next such event will be held on 6-7 October 2023 in Mardorf (near Hanover). The working language will be… Read more In regular intervals, the German Society for Insurance and Financial Mathematics (DGVFM) offers orientation events for students considering a career in actuarial or financial mathematics. The next such event will be held on 6-7 October 2023 in Mardorf (near Hanover). The working language will be German; further information can be found below. Die Deutsche Gesellschaft für Versicherungs- und Finanzmathematik (DGVFM) veranstaltet jährlich die Bachelor-Orientierungstage, bei denen vor allem junge Referentinnen und Referenten aktuelle Themengebiete der Versicherungs- und Finanzmathematik auf Bachelor-Niveau vorstellen und aufzeigen, welche Inhalte auch im Hinblick auf ein späteres Berufsleben interessant sind. Diese zweitägige Veranstaltung richtet sich an Studierende von Bachelor-Studiengängen mit einem Bezug zur Versicherungs- und Finanzmathematik. Die Kosten für die Teilnahme und Übernachtung übernimmt die DGVFM, die Kosten für die Anreise müssen von den Teilnehmenden selbst getragen werden. Die nächste Veranstaltung dieser Art findet am 6.-7. Oktober 2023 in Mardorf statt. Das Programm findet man hier. Den Link zur Anmeldung findet man hier. |
Life Insurance Mathematics
Apl. Prof. Dr. Frederik Herzberg
Synopsis
This course provides an introduction to life insurance mathematics broadly conceived, covering insurances against all life-contingent risks, with a particular emphasis on the regulatory framework in Germany. Topics include:
- Multiple-decrement models and actuarial calculation bases
- Expected present values of payment streams (for premiums and benefits)
- Equivalence principle and actuarial reserves
- Applications: whole life insurance, annuities, pensions, private health insurance (according to German law) ...
Depending on the participants' level of proficiency in German, the lecture course may be taught partly in German.
Lecture
Monday, 12-2pm, building E2 4, Seminar room 6
Prerequisites
Basic knowledge of modern probability theory (at the level of the mathematics course Stochastik I).
Tutorial
Monday, 4-5pm, building E2 4, Seminar room 6 (from 24th April)
References
There is no single textbook that would cover all of the material in this lecture course. Nevertheless, parts of the following textbooks can be useful for different pars of the lecture course:
- Dickson, Hardy & Waters: Acturial mathematics for life-contingent risks. Cambridge University Press
- Gerber: Life insurance mathematics. Springer
- Milbrodt & Helbig: Mathematische Methoden der Personenversicherung. Walter de Gruyter
A detailed summary of the contents of the lecture course is contained in Chapters 3-6 of the following document (in German) by the German Association of Actuaries (DAV):