DescriptionIn the half-module Actuarial Mathematics II, a one-term introduction to Actuarial Mathematics was presented. There are, of course, very many possibilities for further study in this field. This might include some of the additional topics in the text book by Gerber, used for the Actuarial Mathematics II course, such as multiple decrements, multiple life insurance or portfolios of contracts. Students can also consider topics in non-life insurance, which require a more substantial knowledge of Probability (in such a case the half-module Probability II would be a logical pre-requisite), or study the role of utility in insurance (for this topic the module Decision Theory III would be a co-requisite). One can also study topics such as rare events, including extreme values (for a more statistical flavour to the project; Statistical Concepts II would be a pre-requisite) and re-insurance. Very many possibilities - you may have specific interests within this topic area that you wish to explore further, this is an opportunity!Pre-requisites and co-requisitesActuarial Mathematics II is required for any topic. Furthermore, as indicated above, for specific topics it is logical (to reach a suitable level in the project) to have successfully completed a further (half-)module from year 2, such as Statistical Concepts II or Probability II, or to take a specific module in year 3 in parallel to the project, for example Decision Theory III.Resources`Life Insurance Mathematics' by Gerber, `Actuarial Mathematics' by Bowers, Gerber, Hickman, Jones and Nesbitt, and `Fundamentals of Actuarial Mathematics' by Promislow provide good introductions to possible topics. `Modern Actuarial Theory and Practice' by Booth, Chadburn, Haberman, James, Khorasanee, Plumb and Rickayzen provides an excellent overview of possible topics, with clear links to actuarial practice. Mikosch' `Non-Life Insurance Mathematics' is an excellent introduction to that topic area (it is mathematically quite demanding, as is typical for non-life insurance, but certainly provides many fascinating project topics). |
email: Frank Coolen