Actuarial 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
-
Apply for freestanding course to Actuarial Mathematics to Autumn semester 2024 (part time 50%) to Actuarial Mathematics to Autumn semester 2024 (part time 50%) Apply for programme course
Scope
7.5 credits
Time
2024-09-02 - 2024-11-10 (part time 50%)
Education level
Second cycle
Course type
Freestanding course, Programme course
Application code
MDU-21054
Language
English
Study location
Västerås
Course syllabus & literature
See course plan and literature list (MMA713)Specific requirements
At least totally 120 credits in the engineering, natural sciences, business administration or economics areas where Probability 7.5 credits or equivalent is included. In addition Swedish course B/Swedish course 3 and English course A/English course 6 are required. For courses given entirely in English exemption is made from the requirement in Swedish course B/Swedish course 3.
Selection
University credits