Program Overview

University Program Information

Course Description

The University program is offered by Comenius University Bratislava, Faculty of Mathematics, Physics and Informatics. The course ID is 1-PMA-530/00, and the course title is General Insurance Theory.

Academic Details

• Academic Year: Not specified
• Educational Activities: 2 lectures, 1 practical
• Credits: 4
• Recommended Semester: PMA Insurance Mathematics 3/Z
• Educational Level: I

Prerequisites and Requirements

• Required Prerequisites:
  • 1-MAT-282/00 Probability and Statistics (2)
• Course Requirements:
  • Students can obtain 33% of the assessment for one written test during the semester.
  • To meet the minimal condition to sit the final written exam, students must obtain at least half of the points from the semester test.
  • To successfully complete the course, students must get at least half of the points from the exam, which has a weight of 67%.
  • Grade thresholds:
    • A: at least 90.00%
    • B: 89.99% 80.00%
    • C: 79.99% 70.00%
    • D: 69.99% 60.00%
    • E: 59.99% 50.00%
    • Fx: 49.99% 0.00%
  • Weight of work during semester / final exam: Practical work during semester 33% / final exam 67%

Learning Outcomes

The student will be able to use basic methods of calculating insurance premiums and technical provisions in non-life insurance. The student will also get acquainted with bonus-malus systems and credibility theory.

Syllabus

• General premium principles and their properties
• Utility functions, premium principle of equivalent utility
• Bonus-malus schemes and No-Claim Discount (NCD) systems
• Credibility theory
• American and Bayesian approach various credibility models
• Estimation of technical provisions in non-life insurance, run-off triangles: chain-ladder method, separation method, and other methods

Recommended Literature

• Aplikovaná poistná tatistika / Viera Pacáková. Bratislava : Iura Edition, 2004
• Modern Actuarial Risk Theory Using R / Rob Kaas, Marc Goovaerts, Jan Dhaene, Michel Denuit. Second Edition, Heidelberg : Springer-Verlag, 2008
• Study materials of the lecturer

Languages Required

• Slovak
• English

Grade Overview

• A: 21.49%
• B: 18.42%
• C: 26.32%
• D: 13.6%
• E: 14.91%
• FX: 5.26%
• Total number of assigned grades: 228

Lecturers

• Mgr. Gábor Szcs, PhD. (lecturer)
• Mgr. Lívia Rosová, PhD. (instructor)

Last Change

11.11.2024