Course content

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.

Learning outcome

After completing 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.

Admission to the course

Students at UiO register for courses and exams in Studentweb.

MAT1100 – Calculus, MAT1110 – Calculus and Linear Algebra, MAT-INF1100 – Modelling and computations, STK1100 – Probability and Statistical Modelling, STK1110 – Statistical methods and data analysis, STK3505 – Problems and methods in Actuarial science / STK4505 – Problems and methods in Actuarial science.

Overlapping courses

Teaching

3 hours of lectures/exercises per week.

The course may be taught in Norwegian if the lecturer and all students at the first lecture agree to it.

Upon the attendance of three or fewer students, the lecturer may, in conjunction with the Head of Teaching, change the course to self-study with supervision.

Examination

1 mandatory assignment.

Final written examination.

Examination support material

Approved calculators are allowed.

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.

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. 12, 2019 3:19:01 PM

Facts about this course

Credits
10
Level
Master
Teaching
Spring

Taught according to demand and resources. Contact studieinfo@math.uio.no if you are interested in this course.

Examination
Spring
Teaching language
English