Course Code :2105TEWFIN
Study domain:Accountancy & Audit
Academic year:2018-2019
Semester:2nd semester
Contact hours:60
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:English
Exam period:exam in the 2nd semester
Lecturer(s)Martine Van Wouwe
Tim Verdonck

3. Course contents *

The course "Insurance" gives an overview and understanding of the most important quantitative methods used in the world of insurance. It merely consists of two parts: life insurance and non-life insurance.

In the first part "Life insurance", we discuss the following topics: mortality tables, endowments and annuities, net premiums, risk premiums and premium savings, provisions and unit linked products.

In the second part "Non-life insurance", we show some of the techniques used in property insurance, auto insurance, home insurance and general insurance. The most important topics discussed in this context are utility theory, deductibles, premium principles, tarification in automobile insurance, credibility theory, IBNR techniques.