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Insurance Mathematics 2

MA3406Elective Modules9 ECTSEnglishsummer semesterDepartment Mathematics
AI-edited module sheet. Based on the TUMonline module description, edited for readability.Original in TUMonline

What it is about

You learn the fundamentals of personal insurance: life insurance, occupational pension provision, and health insurance. You can calculate expected values and present values of insurance benefits, determine premiums and reserves according to classical and modern models, and apply valuation methods for pension obligations and specific questions of private health insurance.

What you will be able to do

  • Describe typical life insurance products and associated risks
  • Understand basic concepts of survival analysis
  • Compute actuarial decrements
  • Compute present values of life insurance products
  • Calculate premiums and allocate costs
  • Apply basic principles of reserving and calculate reserves
  • Apply valuation methods for pension obligations (German and international)
  • Understand the fundamentals of private health insurance, regulatory and economic framework conditions
  • Apply actuarial methods for risk quantification in health insurance

What the module consists of

  • LectureConveying the content with examples and discussion, central teaching event

Teaching method

  • Lectures with demonstrative examplespresents concepts and shows practical applications
  • Discussion with studentspromotes understanding and independent analysis
  • Independent study of literaturedeepens and complements lecture content
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Official page in TUMonline · Details are not binding.