• Credits 7.5  credits
  • Education level Second cycle
  • Study location Västerås
  • Course code MMA713
  • Main area Mathematics/Applied Mathematics

Actuarial mathematics constitutes the mathematical foundation of the insurance business. The stochastic nature of accidents and the length of people's lives make uncertainty an integral part of this business. The course Actuarial Mathematics provides students with essential knowledge and tools required to explore the consequences of uncertainty as well as to solve other mathematical and statistical problems arising in the insurance business. The concepts of risk theory and risk processes are introduced. Various forms of life insurance and their mechanisms are considered. Insurance models, reinsurance contracts, different types of distributions and simulation methods for both claim sizes and claim numbers will be analysed in the framework of non-life insurance. A computer software package is used throughout the course.

Occasions for this course

Autumn semester 2024