STK9500 – 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. STK9500 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.
After having completed the course you will also be able to:
- present, on a scientific level, a short thesis on a chosen topic of relevance, selected in collaboration with the lecturer.
Admission to the course
PhD candidates from the Faculty of Mathematics and Natural Sciences at the University of Oslo should apply for classes and register for examinations through Studentweb.
If a course has limited intake capacity, priority will be given to PhD candidates who follow an individual education plan where this particular course is included. Some national researchers’ schools may have specific rules for ranking applicants for courses with limited intake capacity.
PhD candidates who have been admitted to another higher education institution must apply for a position as a visiting student within a given deadline.
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
- 10 credits overlap with STK4500 – Life Insurance and Finance.
3 hours of lectures/exercises per week throughout the semester.
The course may be taught in Norwegian if the lecturer and all students at the first lecture agree to it.
Final written exam or final oral exam, which counts 100 % towards the final grade.
The form of examination will be announced by the lecturer by 15 October/15 March for the autumn semester and the spring semester respectively.
This course has 1 mandatory assignment that must be approved before you can sit the final exam.
In addition, each PhD candidate is expected to give an oral presentation on a topic of relevance chosen in cooperation with the lecturer. The presentation has to be approved by the lecturer 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: STK4500 – Life Insurance and Finance
Examination support material
Written examination: Approved calculators are allowed. Information about approved calculators in Norwegian.
Oral examination: No examination support material is allowed.
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.
Grades are awarded on a pass/fail scale. Read more about the grading system.
Resit an examination
This course offers both postponed and resit of examination. Read more: