Skip to main content
Skip header
Terminated in academic year 2022/2023

Insurance Mathematics

Type of study BachelorFollow-up Master
Language of instruction Czech
Code 151-0320/02
Abbreviation PMnav
Course title Insurance Mathematics
Credits 5
Coordinating department Department of Mathematical Methods in Economics
Course coordinator Mgr. Taťána Funioková, Ph.D.

Subject syllabus

The main goal is to acquaint students with the most fundamental results of
present actuarial mathematics at the appropriate level, so that they will be
able work further on these topics creatively on their own. Students will be
acquainted with insurance risk models, main demographic characteristics used
in life insurance, models of net premium and gross premium calculation as well
in life as in non-life insurance, general principles of premium reserves
calculation and reinsurance. Actual points related to pension systems and
insurer’s solvency will also be discussed. The matter of the subject can be
studied using the knowledge of financial mathematics, statistics, spreadsheets
(esp. MS Excel) and the very elementary knowledge of algorithms and
programming.

E-learning

http://moodle.vsb.cz/vyuka/
kurs 151-320 Pojistná matematika

Literature

Promislow, David.S.: Fundamentals of Actuarial Mathematics. 1st ed. Chichester: John Wiley & Sons Ltd, 2006. 372 pp. ISBN 0-470-01689-2

Advised literature

Mikosch, T.: Non-Life Insurance Mathematics - An Introduction with Stochastic Processes. 1st ed. Berlin: Springer, 2004. 235 pp. ISBN 3-540-40650-6
WILLIAMS, Chester A., SMITH, Michael L., YOUNG, Peter C.: Risk
Management and insurance. 7nd ed. New York: MacGraw-Hill,
1995. 680 pp. ISBN 0-07-070584-4 .