STK4500 – Life Insurance and Finance
Course description
Schedule, syllabus and examination date
Choose semester
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.
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, STK3505 – Problems and methods in Actuarial science / STK4505 – Problems and methods in Actuarial science.
Overlapping courses
- 10 credits overlap with STK9500 – Life Insurance and Finance.
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
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: