401-3928-00L  Reinsurance Analytics

SemesterSpring Semester 2013
LecturersP. Antal
Periodicitytwo-yearly recurring course
Language of instructionEnglish



Courses

NumberTitleHoursLecturers
401-3928-00 VReinsurance Analytics2 hrs
Thu15:15-17:00HG D 1.1 »
28.03.15:15-17:00HG D 1.1 »
21.05.09:15-11:00HG D 1.2 »
P. Antal

Catalogue data

AbstractHistory and motivation. Basic Risk Theory applied to reinsurance. The reinsurance market and lines of business. Pricing reinsurance contracts. Solvency and capital considerations. Alternative Risk Transfer.
ObjectiveUnderstanding the economic value creation through reinsurance. Knowing the most common types of reinsurance and being able to represent the reinsured losses in terms of random variables. Understanding the economic and mathematic principles underlying the premium calculations for reinsurance contracts.
ContentHistory of reinsurance. Historic examples of large events. Fundamentals of reinsurance & contract types. Overview of large reinsurance companies & market places. Lines of business explained: Property, Casualty, Life & Health, Credit & Surety. Risk theoretical principles including frequency/severity models, stop-loss transforms and exposure curves. Exposure and experience rating. Capital impact of reinsurance: Swiss Solvency Test and Solvency 2, rating agency view, insurance vs. investment risks. Insurance Linked Securities: cat bonds, industry loss warranties.
Lecture notesA script will be made available in electronic form.
Prerequisites / NoticeFormer course title: "Insurance Analytics"

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
ECTS credits4 credits
ExaminersP. Antal
Typesession examination
Language of examinationEnglish
RepetitionThe performance assessment is offered every session. Repetition possible without re-enrolling for the course unit.
Mode of examinationoral 20 minutes
Additional information on mode of examinationLanguage of examination: English or German / Prüfungssprache: Deutsch oder Englisch
This information can be updated until the beginning of the semester; information on the examination timetable is binding.

Learning materials

No public learning materials available.
Only public learning materials are listed.

Groups

No information on groups available.

Restrictions

There are no additional restrictions for the registration.

Offered in

ProgrammeSectionType
Mathematics BachelorSelection: Financial and Insurance MathematicsWInformation
Mathematics MasterSelection: Financial and Insurance MathematicsWInformation
Quantitative Finance MasterMathematical Methods for FinanceWInformation