STK4505 – Problems and methods in Actuarial science

Schedule, syllabus and examination date

Choose semester

Course content

The overall aim 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 for 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 modelled 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 for the numbers that are the central outcome of actuarial analyses.


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.

Overlapping courses

10 credits overlap with STK3505 – Problems and methods in Actuarial science

*The information about overlaps for discontinued courses may not be complete. If you have questions, please contact the Department. 


2 hours of lectures and 2 hours exercises each week through the semester.


mandatory assignment, written with (LaTeX), the typesetting software for academic writing in mathematics. The objective is that the student becomes familiar with and master electronic tools for creating written mathematics and be able to present his/her own mathematical work in an electronic format.

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.

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.

Facts about this course






Every autumn


Every autumn

Teaching language

Norwegian (English on request)