The aim of the course is to present the main issues related to pricing of insurance products as well as the recent developments in actuarial sciences related to prudential regulation, disability insurance or long-term care.
Learning outcomes
How to price simple life insurance products
Understand the accounting specificities of insurance companies
Know the current issues and the current regulations of the insurance market.
Course content
Insurance economics
Actuarial science 1
Introduction to actuarial science
The model of life insurance
Non-life insurance specificities
Non-life insurance products
Characteristics of Non life insurance
Mechanisms of Non life Insurance
Technical Indicators
Pricing
Reserving
Actuarial science 2
Life insurance products
Technical and financial margins
Fair Value and warranty hedging in life insurance
Insurance regulation
Valuing an insurance portfolio and its profitability
Solvency II : modèle interne, SCR computation, BEL,…
Asset-Liability Management in insurance
Duration models and experience tables
Long-term care risk
Reinsurance
Accounting standards
Bibliography
Tosetti A., Weiss F. et Poncelin T., Les outils de l'actuariat vie, Economica