Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea magistrale in Banca e finanza - Enrollment from 2025/2026The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
| Modules | Credits | TAF | SSD |
|---|
2° Year activated in the A.Y. 2016/2017
| Modules | Credits | TAF | SSD |
|---|
| Modules | Credits | TAF | SSD |
|---|
| Modules | Credits | TAF | SSD |
|---|
| Modules | Credits | TAF | SSD |
|---|
Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Insurance mathematics (2015/2016)
Teaching code
4S003194
Academic staff
Coordinator
Credits
6
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-S/06 - MATHEMATICAL METHODS OF ECONOMICS, FINANCE AND ACTUARIAL SCIENCES
Period
Secondo Semestre Magistrali dal Feb 22, 2016 al Jun 1, 2016.
Learning outcomes
The course will provide students with the mathematical and logical skills needed to address the main actuarial problems in life and non-life insurance, with particular reference to the determination of premiums and reserves as well as the evaluation of profitability and riskiness of insurance portfolios.
The course consists of two modules, dedicated to Life and non-Life insurance. During the semester some seminars on selected topics, held by industry experts, will be offered.
Program
Non-Life Module
1. Basic knowledge
• Basics of insurance business: risk transfer, risk pooling, types of non-life insurance, technical management of portfolios
• Equivalence premium, risk loading calculation principles, net premium
• Premium calculation through statistical observation
• Gross premium
2. Risk theory
• Introduction to collective risk theory: the compound model
• Claims count and severity distributions
• Parameters estimation
• Methods for calculating the compound distribution (hints)
3. Tariffication
• Risk classes
• Simple tariffication methods
4. Claims reserving
• Introduction and triangular representation of data and indicators
• Deterministic algorithms: Chain Ladder, Bornhuetter-Ferguson, Fisher-Lange (hints)
Life Module
1. Basic Knowledge
• Mutuality and Solidarity
• Life insurance products
• Life table
2. Premiums and Reserves
• Net premium, Gross premium
• Technical rate (difference between prudential basis and realistic basis)
• Actuarial values
• Mathematical reserve
• Single premium, periodic premiums
• Risk premium and savings premium
• Surrender values and paid-up values
3. Finance in life insurance
• With-profit policies
4. Profits in a life insurance portfolio
• The total profit
• Mortality/Longevity Risk
• Profit Testing
Topics of the seminars:
• Reinsurance
• Pension plans
• Solvency II
Textbooks
Non Life Module:
• Wuthrich, Mario V., Non-Life Insurance: Mathematics & Statistics;
free download in SSRN newtowk at http://ssrn.com/abstract=2319328 or at http://dx.doi.org/10.2139/ssrn.2319328
Life Module:
• Olivieri Annamaria, Pitacco Ermanno: Introduction to Insurance Mathematics – Technical and Financial Features of Risk Transfers, Springer (2011);
http://www.springer.com/mathematics/applications/book/978-3-642-16028-8
Examination Methods
A spoken test will be held. The test has the purpose to verify breadth and depth of the acquired knowledge, models learnt, property of language.
