STK2500 – Life Insurance
Schedule, syllabus and examination date
Markov modelling, along with concepts of survival and life history data analysis, is being used to construct and identify the most useful models for life insurance. The course includes applications to setting tariffs, via equivalence methods, as well as solvency calculations and unit-link insurance.
Give an introduction to the method required for analysis of the liability side of life insurance, including mathematical models, use of empirical data and calculations using a computer.
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.
Formal prerequisite knowledge
In addition to fulfilling the Higher Education Entrance Qualification, applicants have to meet the following special admission requirements:
Mathematics R1 (or Mathematics S1 and S2) + R2
And in addition one of these:
- Physics (1+2)
- Chemistry (1+2)
- Biology (1+2)
- Information technology (1+2)
- Geosciences (1+2)
- Technology and theories of research (1+2)
The special admission requirements may also be covered by equivalent studies from Norwegian upper secondary school or by other equivalent studies (in Norwegian).
Recommended previous knowledge
STK1100 – Probability and Statistical Modelling, STK1110 – Statistical methods and data analysis, STK1120 – Statistical methods and data analysis 2 (continued), MAT1100 – Calculus, MAT1110 – Calculus and Linear Algebra, MAT-INF1100 – Modelling and computations, INF1000 – Introduction to object-oriented programming (continued) and INF1010 – Object oriented programming (continued).
10 credits overlap with FM221
For information about the potential partial overlap with other courses, contact the Department.
2 hours of lectures and 2 hours exercises each week through the semester.
One compulsory assignment need to be passed within given deadline to be allowed to take the final exam. Final mark based on written examination at the end of the semester.
Examination support material
Permitted aid: Approved calculator.
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 subject offers new examination in the beginning of the subsequent term for candidates who withdraw during an ordinary examination or fail an ordinary examination. Deferred examinations for students who due to illness or other valid reason of absence were unable to sit for their final exams will be arranged at the same time. (These valid reasons has to be documented within given deadlines.)
For general information about new and deferred examination, see
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.