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SF2962 Mathematics in General Insurance, Advanced Course 7.5 credits

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Information per course offering

Course offerings are missing for current or upcoming semesters.

Course syllabus as PDF

Please note: all information from the Course syllabus is available on this page in an accessible format.

Course syllabus SF2962 (Autumn 2007–)
Headings with content from the Course syllabus SF2962 (Autumn 2007–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

Methods for pricing insurances: generalized linear models (GLM). Credibility theory, especially Bühlmann-Straubs estimator. Simultaneous use of credibility and GLM. Reserving — calculation of reserves for open claims with different methods. Analysis of real insurance examples using statistical software.

Intended learning outcomes

To pass the course, the student should be able to do the following:

  • define basic concepts in insurance mathematics that are used in pricing of insurance contracts
  • explain the use and theoretical background of commonly used GLM and credibility models for pricing
  • explain how GLM and credibility can be combined to solve more complex problems of pricing
  • apply the models and derive estimates and their properties
  • use the methods above to calculate a tariff in a real situation using statistical software
  • explain the use and theoretical background of commonly used methods for reserving
  • calculate reserves with these methods in real situations

To receive the highest grade, the student should in addition be able to do the following:

  • Combine all the concepts and methods mentioned above in order to solve more complex problems.

Literature and preparations

Specific prerequisites

SF2961 Mathematics in general insurance, SF2950 Applied mathematical statistics.

Literature

To be announced.

Examination and completion

Grading scale

A, B, C, D, E, FX, F

Examination

  • INL1 - Project, 3.5 credits, grading scale: P, F
  • TEN1 - Examination, 4.0 credits, grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

If the course is discontinued, students may request to be examined during the following two academic years.

Other requirements for final grade

Written exam.
Project assignments.
Participation at seminars.

Examiner

No information inserted

Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course room in Canvas

Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.

Offered by

SCI/Mathematics

Education cycle

Second cycle