Actuarial and Financial Sciences

Learning goals. The main learning goal for students is the knowledge of principles and methods of actuarial mathematics, both of life and non life insurance. Students must be able to apply the main actuarial models and to interpret the results of their use on real data. Knowledge and understanding. Students acquire knowledge and understanding of the most important problems of actuarial mathematics (probabilistic models, premium principles, reserves, ecc.) and of the main methods for solving these problems (variance principle, chain ladder method, Homans formula, ecc.). Applying knowledge and understanding. After the attendance of this course, students will be able to formalize real problems and to apply appropriate actuarial models. They will also be able to apply actuarial models to real data and to interpret them. Making judgements. Students improve judgements skills by applying actuarial models to a wide range of insurance products. Their skills will be improved by using and comparing different methods to the same problems and by applying these methods to real data. Communication skills Students will acquire the scientific language of Actuarial mathematics, that will be used in written and oral tests. Communication skills will be enhanced also by group work. Learning skills. Students will acquire the fundamental knowledge needed to study formal actuarial properties of more complex models in more advanced classes.