STK4505 – Problems and Methods in Actuarial Science

Schedule, syllabus and examination date

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Changes in the course due to coronavirus

Autumn 2020 we plan for teaching and examinations to be conducted as described in the course description and on semester pages. However, changes may occur due to the corona situation. You will receive notifications about any changes at the semester page and/or in Canvas.

Spring 2020: Teaching and examinations was digitilized. See changes and common guidelines for exams at the MN faculty spring 2020.

Course content

The overall aim of the course 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 of the numbers actuaries are dealing with in practice; therefore 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 admitted at UiO must apply for courses in Studentweb. Students enrolled in other Master's Degree Programmes can, on application, be admitted to the course if this is cleared by their own study programme.

Nordic citizens and applicants residing in the Nordic countries may apply to take this course as a single course student.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.

Overlapping courses


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


Final written exam 4 hours 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: STK3505 – 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) Aug. 7, 2020 7:21:59 PM

Facts about this course

Teaching language
Norwegian (English on request)