Life Insurance Mathematics

This course covers survival models (discrete and continuous), evaluation of insurance products (paid at the end of year of death or at the moment of death) such as whole life, term, deferred and endowment insurance, and evaluation of the annuities (paid at the end of each period or at the beginning of each period) such as whole life, term and deferred. It also studies determination of the pure premium for all types of products and determination of benefit reserves. estimation; Goodness of fit tests. Topics on Credibility Theory include: Limited Fluctuation Credibility; Bayesian credibility with discrete and continuous priors; Buhlmann and Buhlmann - Straub credibility; Empirical Bayes credibility.