Course: Actuarial Mathematics

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Course title Actuarial Mathematics
Course code KMA/KPJM
Organizational form of instruction Seminary
Level of course Master
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
Insurance, random events. Random variables met in life insurance. Modeling mortality Life tables. Elements of financial mathematics, capital flows. Population structure by sex and age. Different types of life insurance. Calculation of insurance premium (nettopremie, bruttopremie). Group life insurance. Insurance reserves for different types of insurance. Pension Funds. Pension system in Czech Republic. Basic calculations in property insurance and liability. Health insurance.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing)
  • Class attendance - 8 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 and probability theory

Assessment methods and criteria
Written assignment, Test

Requirements on credit: term paper, tests of the subject matter. It is necessary to get score at least 50%.
Recommended literature
  • 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