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
Recommended prerequisites: Basic knowledge of modern probability theory (at the level of the mathematics course Stochastik I).
- DozentIn: Christian Bender