STK4500 – 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 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.
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.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
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.
10 credits overlap with STK9500 – Life Insurance and Finance
*The information about overlaps for discontinued courses may not be complete. If you have questions, please contact the Department.
3 hours of lectures/exercises per week.
Final written examination.
Examination support material
Approved calculators are allowed.
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 scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Explanations and appeals
Resit an examination
This course offers both postponed and resit of examination. Read more:
Withdrawal from an examination
It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.
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.