The course is structured in two modules: Financial Sciences and Actuarial Sciences.
The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging.
The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
The objective of the Financial Sciences module is to explore topics for which the basic course on Financial mathematics has already laid the foundations. In this module three main areas will be covered: basic stochastic calculus, derivatives pricing, and derivatives hedging.
The objective of the Actuarial Sciences module is to introduce to life contingencies, the theory behind the actuarial work around life insurance and pension funds and will appeal to the student who likes applied mathematics. In addition to model of life contingencies, various forms of life insurance and their mechanism are discussed in their basic model and it is shown how to calculate net premium and reserves.
teacher profile teaching materials
The Mathematics of Compound Interest
The Future Lifetime of a Life Aged x
Life Insurance
Life Annuities
Net Premiums
Net Premium Reserves
Annamaria Olivieri, Ermanno Pitacco
Introduction to Insurance Mathematics
Springer
Hans U. Gerber
Life Insurance Mathematics
Springer
Mutuazione: 21210096-1 FINANCIAL AND ACTUARIAL SCIENCES in Finanza e impresa LM-16 CARLEO ALESSANDRA, RUSSO FLAVIO
Programme
(Actuarial Sciences)The Mathematics of Compound Interest
The Future Lifetime of a Life Aged x
Life Insurance
Life Annuities
Net Premiums
Net Premium Reserves
Core Documentation
(ACTUARIAL SCIENCES)Annamaria Olivieri, Ermanno Pitacco
Introduction to Insurance Mathematics
Springer
Hans U. Gerber
Life Insurance Mathematics
Springer
Type of delivery of the course
The course is organized on the basis of lectures and Excel exercises. N.B. In the event of an extension of the health emergency from COVID-19, all the provisions governing the methods of carrying out educational activities will be implemented. In particular, in case of need to provide distance learning, the Microsoft Teams platform will be used. Please, view the institutional University information channels so to be informed of the emergency measures in force.Type of evaluation
The overall assessment is determined by means of a final written exam. N.B. In the event of an extension of the health emergency due to COVID-19, all the provisions governing the methods of student evaluation will be implemented. In particular, in case of need for remote exams, the exam will be taken in oral form by Microsoft Teams. teacher profile teaching materials
Mutuazione: 21210096-1 FINANCIAL AND ACTUARIAL SCIENCES in Finanza e impresa LM-16 CARLEO ALESSANDRA, RUSSO FLAVIO