Registration for this course is open until Monday, 30.10.2023 23:59.
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Non-Life Insurance Mathematics
Apl. Prof. Dr. Frederik Herzberg
Summary
This lecture course covers the fundamental concepts and results of non-life insurance (i.e. property and casualty insurance):
- Standard models of non-life insurance
- Risk reduction by pooling risks
- Ruin theory
- Calculations of premiums I: risk measures
- Calculations of premiums II: credibility theory
- Loss reserving
- Basics of reinsurance
Time & Venue
Lectures
Monday, 2:15-3:45pm
Hörsaal III (building E2 5)
Starting on Monday, 30 October.
Tutorial
There will be a weekly one-hour tutorial. Time & venue to be announced in the second week of the semester.
Recommended Prerequisites
- Stochastics I
- Stochastics II
References
Principal text:
- Lecture notes by Prof. H. Zähle plus some additions
(successively published after the lectures under → Materials)
Supplementary:
- H.-W. Goelden et al., Schadenversicherungsmathematik. Springer, 2016
- Thomas Mikosch, Non-Life Insurance Mathematics (2nd ed.). Springer, 2009
- Hanspeter Schmidli, Risk Theory. Springer 2017
Further reading:
- Klaus D. Schmidt, Versicherungsmathematik, 2. Aufl. Springer 2006
(a basic introductory textbook in German, covering elementary life insurance as well) - Thomas Mack: Schadenversicherungsmathematik, 2. Aufl. VVW 2002
- Hans Bühlmann, Mathematical Methods in Risk Theory. Springer 1970/2005
(reprint of a classic text which is not only of historical interest)
Course reference shelf, kindly provided by the Campus-Bibliothek für Informatik und Mathematik