Beware! Under construction.

• Title in French: Actuariat
• Course code: tba
• Type: specialized course
• ECTS credits: 8
• Semester 10 (Spring)
• Teaching period: Mid-February to Mid-April
• Teaching hours: 100h
• Language of instruction: English
• Coordinator: Renaud Bourlès
• Instructor(s): Mitra Fouladirad, Violaine Conti (AXA), Alban Davand (AXA), Rim Ennajar-Sayadi (AXA), Xavier Guerrault (AXA), Emmanuelle Mimart (AXA), Sofiane Ournidi (AXA), Thérèse Winterholer (AXA)
• Last update 04/07/2022 by C. Pouet

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.

Most of the instructors are from the French insurance company Axa. Axa group is the 6th largest insurance company according to Forbes ranking 2021. See full ranking here.

The course is divided into three parts:

• Insurance economics (24 hours) taught by tba,
• Actuarial science 1 (24 hours) taught by tba,
• Acturial science 2 (24 hours) taught by tba,
• Data Project: modeling and validation (20 hours) taught by tba.

• 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.

1. Introduction to actuarial science
   • The model of life insurance
   • Non-life insurance specificities
2. Non-life insurance products
   • Characteristics of Non life insurance
   • Mechanisms of Non life Insurance
   • Technical Indicators
   • Pricing
   • Reserving

1. Life insurance products
   • Technical and financial margins
   • Fair Value and warranty hedging in life insurance
2. Insurance regulation
   • Valuing an insurance portfolio and its profitability
   • Solvency II : modèle interne, SCR computation, BEL,…
3. Asset-Liability Management in insurance
4. Duration models and experience tables
5. Long-term care risk
6. Reinsurance
7. Accounting standards

tba

• Tosetti A., Weiss F. et Poncelin T., Les outils de l'actuariat vie, Economica
• Charpentier A. et Dutang C., L'Actuariat avec R