Insurance Mathematics

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