Life Insurance Mathematics

apl. Prof. Dr. Frederik Herzberg

Wintersemester 2024/2025

Recommended prerequisites

Basic knowledge of modern probability theory (at the level of the mathematics course Stochastik I).

Lectures

Mondays, 12.15 - 13.45 pm, building E2 4, Seminarraum 6 (room 2.17)

Tutorials

One hour per week (by arrangement)

Contents

This course provides an introduction to life insurance mathematics broadly conceived, covering insurances against all life-contingent risks, with a particular emphasis on the regulatory framework in Germany. Topics include:

• Multiple-decrement models and actuarial calculation bases
• Expected present values of payment streams (for premiums and benefits)
• Equivalence principle and actuarial reserves
• Applications: whole life insurance, annuities, pensions, private health insurance