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.
scheda docente
materiale didattico
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: 21210096-2 FINANCIAL AND ACTUARIAL SCIENCES in Finanza e impresa LM-16 CARLEO ALESSANDRA
Programma
(Actuarial Sciences)The Mathematics of Compound Interest
The Future Lifetime of a Life Aged x
Life Insurance
Life Annuities
Net Premiums
Net Premium Reserves
Testi Adottati
(ACTUARIAL SCIENCES)Annamaria Olivieri, Ermanno Pitacco
Introduction to Insurance Mathematics
Springer
Hans U. Gerber
Life Insurance Mathematics
Springer
Modalità Erogazione
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. Il corso è strutturato su lezioni frontali e esercitazioni con Excel. N.B. Nel caso di un prolungamento dell'emergenza sanitaria da COVID-19 saranno recepite tutte le disposizioni che regolano le modalità di svolgimento delle attività didattiche. In particolare, in caso di necessità di erogazione della didattica a distanza, si utilizzerà la piattaforma Microsoft Teams.Modalità Frequenza
Class attendance is not mandatory but still recommended / advisable due to the complexity of the subject and the practical exercises carried out in the classroom. La frequenza delle lezioni non è obbligatoria ma comunque raccomandata/consigliabile in ragione della complessità dei contenuti dell’insegnamento e della parte applicativa svolta in aula.Modalità Valutazione
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. Il giudizio finale è sulla base di un esame scritto. N.B. Nel caso di un prolungamento dell'emergenza sanitaria da COVID-19 saranno recepite tutte le disposizioni che regolano le modalità della valutazione degli studenti. In particolare, in caso di necessità di esami a distanza, si utilizzerà la piattaforma Microsoft Teams e la modalità orale di esame.