STK3505 – Problems and Methods in Actuarial Science

Schedule, syllabus and examination date

Course content

The overall aim is to give an introduction to liabilities in both general and life insurance and their connection to the financial side. Some of the most central models and parameters are presented with stochastic simulation as a tool for computations. The level is elementary. Much emphasis is placed on understanding the entire actuarial field, and especially on the uncertainty inherent in such analyses. The course is meant to give an understanding for the numbers actuaries are dealing with in practice; all examples have an aura of real life.

Learning outcome

After completing the course you:

  • know how general and life insurance are modeled and evaluated
  • understand why general and life insurance are so different
  • have been introduced to long term financial risk, which is important in insurance, and to stock options
  • have learned how to implement risk computations in computers
  • have been introduced to methods for assessing uncertainty in risk analyses
  • have an understanding of the numbers that are the central outcome of actuarial analyses.

Admission to the course

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

Special admission requirements

In addition to fulfilling the Higher Education Entrance Qualification, applicants have to meet the following special admission requirements:

  • Mathematics R1 (or Mathematics S1 and S2) + R2

And in addition one of these:

  • Physics (1+2)

  • Chemistry (1+2)

  • Biology (1+2)

  • Information technology (1+2)

  • Geosciences (1+2)

  • Technology and theories of research (1+2)

The special admission requirements may also be covered by equivalent studies from Norwegian upper secondary school or by other equivalent studies (in Norwegian).

Overlapping courses


4 hours of lectures/exercises per week throughout the semester.


Final written exam which counts 100 % towards the final grade. 

This course has 1 mandatory assignment that must be approved before you can sit the final exam.

It will also be counted as one of the three attempts to sit the exam for this course, if you sit the exam for one of the following courses: STK4505 – Problems and Methods in Actuarial Science

Examination support material

Approved calculators are allowed. Information about approved calculators in Norwegian.

Language of examination

Courses taught in English will only offer the exam paper in English. You may write your examination paper in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Resit an examination

This course offers both postponed and resit of examination. Read more:

Special examination arrangements, use of sources, explanations and appeals

See more about examinations at UiO

Last updated from FS (Common Student System) Dec. 7, 2022 7:38:32 PM

Facts about this course

Teaching language
Norwegian (English on request)