Course: Actuarial Mathematics

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Course title Actuarial Mathematics
Course code KMA/PJMA
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements Course does not contain work placement
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Kalousek Zdeněk, RNDr. CSc.
Course content
Elements of financial mathematics. Population structure by sex and age. Modeling mortality Life tables. Different types of life insurance. Calculation of insurance premium (nettopremie, bruttopremie). Insurance reserves for different types of insurance. Group life insurance. Other types of life insurance. Basic calculations in property insurance and liability. Pension Funds. Health insurance.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing)
  • Class attendance - 56 hours per semester
  • Preparation for exam - 125 hours per semester
Learning outcomes
Fundamentals of actuarial mathematics. Interest and discount rates, the cashflows, the basic principles, the life table, the life insurance, the stochastic approach.
Basic knowledge of actuarial mathematics
Prerequisites
Basic knowledge of differential and integral calculus

Assessment methods and criteria
Oral exam, Written exam

Requirements on credit: term paper, tests of the subject matter. It is necessary to get score at least 50%. Requirements on exam: Knowledge of problem solving, concepts and basic ideas.
Recommended literature
  • Cipra, T. Finanční a pojistné vzorce. Praha: Grada Publishing, 2006. ISBN 80-247-1633-X.
  • Cipra, T. Pojistná matematika - teorie a praxe.. Praha : Ekopress, 2006. ISBN 80-86929-11-6.
  • Daňhel, J. Pojistná teorie.. Praha: Professional Publishing, 2006. ISBN 80-86946-00-2.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester