STK9500 - Life Insurance and Finance
Schedule, syllabus and examination date
Obligations in life insurance extend many decades into the future and lead to financial risk over an equally long-time horizon. STK4500 provides introductions, both under traditional discounting using a fixed rate of interest and under a modern one based on market rates. The significance of model error is discussed and a brief description is offered on the Solvency II regulation which all insurance companies in the EU/EØS area have to follow.
After having completed the course you will be able to
- calculate life- and pension obligations for companies
- calculate prices (premia)
- analyse investment risk and investment strategies
- be part of a team working on Solvency II reporting
After having completed the course you will also be able to:
- present, on a scientific level, a short thesis on a chosen topic of relevance, selected in collaboration with the lecturer
PhD candidates from the University of Oslo should apply for classes and register for examinations through Studentweb.
If a course has limited intake capacity, priority will be given to PhD candidates who follow an individual education plan where this particular course is included. Some national researchers’ schools may have specific rules for ranking applicants for courses with limited intake capacity.
PhD candidates who have been admitted to another higher education institution must apply for a position as a visiting student within a given deadline.
Recommended previous knowledge
MAT1100 - Calculus, MAT1110 - Calculus and linear algebra, MAT-INF1100 - Modelling and computations, STK1100 - Probability and statistical modelling, STK1110 - Statistical methods and data analysis 1, STK3505 - Problems and methods in Actuarial science / STK4505 - Problems and methods in Actuarial science.
10 credits overlap with STK4500 - Life Insurance and Finance
For information about the potential partial overlap with other courses, contact the Department.
3 hours of lectures/exercises per week.
One compulsory assignment need to be passed within given deadlines to be allowed to take the final exam. Final mark based on written examination at the end of the semester.
In addition, each PhD student is expected to give a one hour oral presentation on a topic of relevance (chosen in cooperation with the lecturer). The presentation has to be approved by the lecturer for the student to be admitted to the final exam.
Examination support material
Permitted aids at the exam: Approved calculator.
Information about approved calculators (Norwegian only)
Language of examination
Subjects taught in English will only offer the exam paper in English.
You may write your examination paper in Norwegian, Swedish, Danish or English.
Grades are awarded on a pass/fail scale. Read more about the grading system.
Explanations and appeals
Resit an examination
This course offers both postponed and resit of examination. Read more:
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.