European Master and Certification Program
in Risk Engineering and Management

FRME1-2:
Principles of Actuarial Theory

Course code: 128044
Language of instruction: English
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Dipl.-Kfm. Jacob Kleinow (TU Bergakademie Freiberg The University of Resources)
Assessment: Defined in the module

Short description

This course aims to present fundamental theories of actuarial science in insurance. It shows how to prepare business decisions applying the presented models and theories in order to generate ‘reasonable’ solutions.

Objectives

Participants are expected to:

- understand the fundamental theories of actuarial science in insurance,

- be able to make the bridge between those theories and practice within their projects, and

- be able to propose theory-based solutions to business issues.


Target Attendees / Participants

Students of Steinbeis Master of Business Administration

Course Content by Units

Introduction to Enterprise Risk Management and Insurance and Risk Identification

Loss Control and Risk Transfer

Insurable Perils and Insuring Organizations

Insurance Markets and Regulations

Life Insurance

Health Insurance

Commercial Property and Liability Insurance

Commercial Property Insurance

Teaching Methods

The course includes:

- introductory note explaining the aim and structure of the course, as well the teaching methodology use,

- ex cathedra lecturing illustrated by a number of examples, and

- case study.


Literature

David C. M. Dickson (2005): Insurance Risk and Ruin (International Series on Actuarial Science), Cambridge University Press.

Greg N. Gregoriou, Marco Micocci, Giovanni Batista Masala (2010): Pension Fund Risk Management: Financial and Actuarial Modeling (Chapman & Hall/Crc  Finance Series).

Hanji Shang (2006): Actuarial Science: Theory And Methodology, World Scientific Pub Co Inc.

Marco Corazza, Pizzi Claudio (2010): Mathematical and Statistical Methods for Actuarial Sciences and Finance, Springer.

Ngai Hang Chan, Hoi-Ying Wong (2006): Simulation Techniques in Financial Risk Management (Statistics in Practice), Wiley-Interscience.

Rob Kaas et al. (2001): Modern Actuarial Risk Theory, Springer.

Rob Kaas et al. (2005): Actuarial Theory for Dependent Risks: Measures, Orders and Models, Wiley.



For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email sti889@risk-technologies.com or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: FRME1-2:, generated on November 19, 2018)