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| GEST0125-1 | Actuarial Insurance Theory | |||||
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| Duration : | 45h Th | |||||
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| Holder(s) : | N... | |||||
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| Substitute(s) : | A. Rochez | |||||
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| Course contents : | 1. Life insurances - Some history (actuariat, various insurance techniques) - The market of life insurance (economic significance, investments, employment, etc.) - Law of large numbers and insurances - Definition of life insurance products - Technical bases (capitalisation, mortality tables, etc.). - Estimation of premiums for major products - Loading of premiums - Mathematical reserves and provisions - Financing old-age pensions: capitalisation and distribution - Companies' pension plans (collective capitalisation) - Practical cases 2. Non-life insurances: Risk theory - Probability theory (reminder) - Risk process o Individual model o Collective model - Ruin probability - Rating principles o Based on ruin probabilities o Based on risk o Notion of credibility - Reinsurance | |||||
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| Course objective : | - Locate insurances in their economic context - Know about the various life insurances and their respective utility - Analyse rating of life insurance products (premium, provisions, etc.) - Model major non life insurance principles - Introduce reinsurance principles | |||||
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| Prerequisites : | Mathematics (Progressions, integral and differential equations) - Probability theory | |||||
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| Organization : | Ex-cathedra lectures with practical illustrations | |||||
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| Written notes : | Syllabus For the section of the course on life insurances Reference works (for other insurances) ASMUSSEN S., Ruin probabilities, World Scientific, 2000. BEARD R.E., PENTIKAINEN T., PESONEN E., Risk Theory, Chapmann and Hall, 1984. BUHLMANN H., Mathematical methods in risk theory, Springer-Verlag, 1970. COUILBAULT F., ELIASHBERG C., LATRASSE M., Les grands principes de l'assurance, L'Argus, 2002. GERBER H.U., An introduction to mathematical risk theory, S.S. Huebner Foundation for Insurance Education, University of Pennsylvania, 1979. GRANDELL J., Aspects of risk theory, Springer-Verlag, 1991. KAAS R., GOOVAERTS M., DHAENE J., DENUIT M., Modern actuarial risk theory, Kluwers Academic Publishers, 2001. | |||||
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| Assessment : | 1st and 2nd session: Oral examination (based on a written preparation) on reading comprehension and a sound assimilation of methods. | |||||
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| Contacts : | Professors
Louis Esch HEC-School of Management (building N1) Tél. : 04/232.73.00 e-mail : louis.esch@ulg.ac.be André Rochez e-mail : Andre.Rochez@solvay.com | |||||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 27/02/2006
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