Topics of the current EU Life insurance directives
The participants of this course should get an introduction to and overview of modern insurance contracts and financial products, their pricing and hedging, and their use in insurance. They should also acquire practical and computational skills in the area. A further aim is to encourage informal and close contacts between the Nordic insurance industry and the universities. The course includes:
* Introduction to
- Discrete time finance - Continuous time finance - Interest rate theory - Bond market theory
- Discrete time finance
- Continuous time finance
- Interest rate theory
- Bond market theory
* Risk management in
- Options - Interest rate
derivatives - Swaptions, Swaps, CMS
floors - Reinsurance
- Interest rate derivatives
- Swaptions, Swaps, CMS floors
* Life insurance
- Unit-linked contracts
and beyond - Participating life
- Unit-linked contracts and beyond
- Participating life insurance
Textbook material and lecture notes by T. Møller and M.
Steffensen. The Nordic summer school is planned to occur regularly,
with two-year intervals.
For more details, please see the Program.
The course will be elementary and introductory. It is aimed at the actuaries in the Nordic countries, interested actuaries from outside Scandinavia and Finland, insurance mathematicians from academic institutions and graduate students specializing in applied probability, statistics or insurance mathematics. The course language will be English. The teaching will be supported by lecture notes provided by the lecturers, and will be complemented by practical computer exercises. The computer exercises will be based on Excel. Since we only have a limited number of laptops, participants are requested to bring a laptop with Excel.
The workshop is relevant to actuaries who attended the courses on market values arranged by the Danish Actuarial Association during 2001 and 2002, although the workshop also gives an introduction to financial mathematics. The workshop differs from the market value courses both in structure (for example computer exercises) and in contents (for example derivatives and risk management).
The fee for the course
is16000 SEK. This includes the hotel, breakfast, lunch, dinner, coffee
etc. at Såstaholm Konferens as well as the course material.
If your company would be
interested in participating in the summerschool we kindly ask you to
fill out the registration
form for companies .
Please confirm your registration by paying the registration fee no later than August 8, 2003.
The fee should be paid to the following bank account, kindly provided to us by Sveriges Försäkringsförbund.
Bank: Svenska Handelsbanken
Account number: 6114 - 121982068
Swift code: HANDSESS
People from academic institutions may apply for financial support of 8000 SEK. Please apply for financial support by contacting Henrik Hult.
(Sweden), Pål Lillevold (Norway), Thomas Mikosch (Denmark), Harri
Nyrhinen (Finland), Holger Rootzen (Sweden), Vibeke Thingaard
Thingaard (Denmark), Erik Bolviken (Norway),
Lasse Koskinen (Finland) and Esko Kivisaari (Finland).
Boualem Djehiche and Henrik Hult.
The Course starts on Monday, 8 Sep, at noon and finishes on Friday, 12 Sep, at noon. Further information will be presented later. Questions about the course should be addressed to Henrik Hult email@example.com.
This document was last modified June 19, 2002. Questions or comments to the contents of this document should be directed to firstname.lastname@example.org.
(+46) 8 790 7875