LIFE INSURANCE 1 [ LACTU2030 ]
5.0 crédits ECTS
30.0 h + 15.0 h
1q
| Teacher(s) |
Gilles Françoise ;
Denuit Michel ;
|
| Language |
French
|
Place
of the course |
Louvain-la-Neuve
|
| Main themes |
Study of the main kinds of life insurance products in terms of pricing and reserving
|
| 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.
|
| Content |
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 |
Evaluation : Class participation and written examination, in French
Support : Slides provided through icampus
|
Cycle et année
d'étude |
> Master [120] in Mathematics
> Master [120] in Mathematical Engineering
> Master [120] in Actuarial Science
> Master [120] in Statistics: General
|
Faculty or entity
in charge |
> LSBA
|
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