STK4505 – Introduction to Insurance Mathematics

After completing the course you:

• know how general and life insurance are modeled and evaluated by means of multistate models
• 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 using statistical methods

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.

• MAT1100 – Calculus
• MAT1110 – Calculus and Linear Algebra
• MAT1120 – Linear Algebra / MAT1125 – Advanced linear algebra
• MAT-INF1100 – Modelling and Computations (discontinued) / MAT1105 – Linear algebra and numerical methods
• IN1900 – Introduction to Programming with Scientific Applications
• STK1100 – Probability and Statistical Modelling
• STK1110 – Statistical Methods and Data Analysis
• STK2130 – Modelling by Stochastic Processes

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. Mandatory assignments must be written with a typesetting software for writing mathematics (e.g. LaTeX).

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 – Introduction to Insurance Mathematics

Students who can document a valid reason for absence from the regular examination are offered a postponed examination at the beginning of the next semester.

Re-scheduled examinations are not offered to students who withdraw during, or did not pass, the original examination.