| Description: |
Models of an individual life time as a random variable: rates of mortality, remaining life times, life tables, specific parametric models for these; statistical analysis of cohorts and mixed populations; pricing of insurance contracts, endowments and annuities; basic models of population dynamics: births, deaths and migrations; analysis of portfolios: models for claims’ process and ruin probability. Students will be required to apply the concepts presented during the course to real demographic data and life-insurance data. |
