INSURANCE TECHNIQUE AND FINANCE
cod. 1004517

Academic year 2011/12
1° year of course - First semester
Professor
Academic discipline
Metodi matematici dell'economia e delle scienze attuariali e finanziarie (SECS-S/06)
Field
Statistico-matematico
Type of training activity
Characterising
48 hours
of face-to-face activities
6 credits
hub: PARMA
course unit
in - - -

Learning objectives

The course aims at:
- introducing the basic technical principles of the management of an insurance or
pension business;
- describing life and non-life insurance products, with fixed benefits and with
participating and unit-linked benefits.
The student will learn basic actuarial tools for the pricing and reserving of insurance
products, the assessment of profits and the basic steps of the insurance risk
management.
The expertise gained by the student on the topics dealt with in the course are
suitable for several positions in an insurance company or a pension fund. Outside
the insurance area, the knowledge provided by the course can help in
understanding the features of the risk management services provided by an
insurance company to an industry or an individual.

Prerequisites

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Course unit content

Risks: representation, transfer. The features of a pool of risks.
Technical aspects of the risk management of an insurer.
Technical aspects of life insurance products with fixed benefits: premiums, reserve,
profit.
Participating and unit-linked life insurance products.

Full programme

Available at: http://economia.unipr.it/DOCENTI/files_did.asp?id=60&corso_id=843.

Bibliography

A. Olivieri, E. Pitacco. Introduction to insurance mathematics. Technical and
financial features of risk transfers. Springer. 2011

Teaching methods

Oral and practical lectures.

Assessment methods and criteria

Written exam, with the possibility of a further oral exam.

Other information

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