UCL - LIFE INSURANCE 1

[ACTU2030]

[30h] 5 credits

This course is taught in the 1st semester.

Teacher(s): Pierre Devolder, Françoise Gilles

Language: French

Level: Second

Aims
Main themes
Content and teaching methods
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Aims

The aim of this course is to present the basic principles of life insurance theory. After a short introduction to life tables, the main kinds of life insurance products are studied in detail regarding premium and reserve calculations. An introduction to modern life products is also presented.
At the end of this course the students must be familiar with life calculations and be able to price life products.

Main themes

Study of the main kinds of life insurance products in terms of pricing and reserving

Content and teaching methods

Content
The following topics will be developed:
1. Classical life tables
2. Adjustment of a life table
3. Prospective life table
4. Pure Endowment insurance
5. Annuities
6. Life insurance
7. Endowment insurance
8. Loadings
9. Mathematical reserves
10. Profit sharing
11. Universal life products
12. Unit linked contracts
Methods
In-class activities
X0 Lectures
X0 Exercices/PT

At home activities
X0 Exercices to prepare the lecture
X0 Paper work

Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Evaluation : Class participation and written examination, in French

Support : Slides provided through icampus