6 ECTS credits
158 h study time

Offer 1 with catalog number 4017074FNR for all students in the 1st semester at a (F) Master - specialised level.

Semester
1st semester
Enrollment based on exam contract
Impossible
Grading method
Grading (scale from 0 to 20)
Can retake in second session
Yes
Enrollment Requirements
Studenten die dit opleidingsonderdeel opnemen, moeten geslaagd zijn voor ‘Wiskunde II voor handelsingenieurs of TEW’ en ‘Statistiek II voor de bedrijfseconomische wetenschappen’ of voor 'Mathematics for Business and Economics II' &'Statistics for Business and Economics II'.
Taught in
Dutch
Faculty
Faculty of Social Sciences & SolvayBusinessSchool
Department
Business
Educational team
Steven Vanduffel (course titular)
Activities and contact hours

20 contact hours Lecture
20 contact hours Seminar, Exercises or Practicals
118 contact hours Independent or External Form of Study
Course Content

1. We discuss the usefulness of insurance and the basic principles: Law of large numbers, equilibrium, solidarity

2. Introduction to portfolio models: Central limit theorem, applications

3. Introduction to Monte Carlo Simulation: Concept, techniques, illustrations, applications

4. Valuation principles: Certainty equivalents, impact financial markets on pricing

5. Accounting aspects

6. Solvency II

7. Reinsurance

Course material
Digital course material (Required) : Slides en klasnotities
Additional info

Slides, class notes.

Learning Outcomes

General competencies

Gaining insight into the concept of insurance and the techniques that are used.

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

  • Written Exam with a relative weight of 1 which comprises 100% of the final mark.

Additional info regarding evaluation

Not applicable

Allowed unsatisfactory mark
The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context

This offer is part of the following study plans:
Master of Business Engineering: Standaard traject (only offered in Dutch)
Master of Business Economics: Standaard traject (only offered in Dutch)
Master of Teaching in Economics: standaard traject (90 ECTS, Etterbeek) (only offered in Dutch)