Fallstudien Versicherungsmathematik

What it is about

You learn how life insurance products are designed and their risks controlled. You implement numerical simulation algorithms, evaluate risk and return of different contract forms, and apply models to real actuarial and financial data. In the end you can analyze contracts, guarantees, and longevity risks and present your results appropriately.

What you will be able to do

• Basic knowledge of life insurance contracts and their risks
• Evaluation and modeling of risk and return of various life insurance contracts
• Implementation of appropriate simulation algorithms
• Assessment of solutions in the application context
• Presentation of the work for technical and non-technical audiences

What the module consists of

• LectureConveying theoretical foundations using slides and blackboard proofs
• Group workWorking on case-study related problems and applying the algorithms in teams
• Exercise/ProgrammingImplementation and testing of numerical simulations to validate findings
• Presentation/PosterPresentation and discussion of group solutions before the event

Teaching method

• Lecture with slides and blackboard proofsExplanation of theory and derivation of central results
• Group work on case studiesApplying what has been learned to real problems and promoting teamwork
• Exercise tasks and programming exercisesPractical implementation and validation of models
• Presentations and postersCommunication of results to scientific and non-scientific audiences