Insurance Mathematics (4IM)
Ing. Pavel Zimmermann, Ph.D.
The specialization covers statistical and probabilistic models applied in the field of insurance. It is a combination of theory and methodology and applications. Most lecturers have also practical experience with applications of the advanced methodology in the business and hence are able to prepare the attendants for solving real tasks. Many examples and study cases are based on real data.
The specialization covers tasks from both life and non-life insurance. Task covers pricing, reserving, solvency and reinsurance tasks. Examples are solved in Excel and statistical freeware R.
C. Requirements for registration
Designed primarily for students of the master programme ‘Quantitative Economic Analysis’ but available for all master programs (incl. Czech programs) except for students of „Statistika“ and „Statisticko-pojistné inženýrství“.
D. Requirements for graduation
I. A group of required courses – 18 ECTS
|4ST624||Mathematical and probabilistic methods in life insurance|
|4ST625||Probabilistic and statistical methods in non-life insurance|
|4ST630||Probability and Mathematic Statistics 2|
II. A group of elective courses – 12 ECTS
|4ST622||Non-life Insurance Models|
|4ST644||Stochastic Processes and Risk in Finance and Insurance|
|4EK602||Games and Decisions|
III. Minor Field State Exam – 3 ECTS
|4IM||Minor Field State Exam|