Prerequisite:   Principles of Finance 

 

The aim of the course is to expose students to the basic principals of measuring risk of insurance portfolios (basic quantitative methods used in actuarial analysis) and the control of such risks through reinsurance contracts. Students will be introduced to some specific insurance products in order to study their unique properties in detail (such as health and life insurance). Technics of simulations to measure insurance risk using Excel software will be covered in class. Students will master these technics through in-class practice in appropriate classroom equipped with computers when required. Emphasis will be placed on understanding important concepts explained by examples rather than by rigorous mathematical reasoning.