Actuarial and Financial Sciences

GOALS The main objective of the course is to provide from an actuarial point of view the basic foundations of an insurance process and of the management of a life insurance company. More in detail, it wishes to allow the students to understand and proceed to: the analysis of technical aspects of the branches I,II,III,IV,V,VI , mentioned in the Legislative decree 7 September 2005, n.209: from the planning of the products and the structure of the ratings to the formation and quantification of needs and technical reserves; the development of an actuarial profile in the evaluation topics of the technical items contained in the budget; the development of product profitability and portfolios; the development of insurance activities; the solvency approach of a life insurance company according to the simplified standards of the corporate model; the propaedeutic risk oriented formulation of the rules of application and guide lines which are at the basis of the activity of the Actuary in charge and of the actuarial certification. Skill to acquire. The students, passed the course exam, will have a good knowledge of the topics described in the program and will have the capability to put what learnt into practice. More in detail, they will be able to proceed to the: technical-actuarial design of insurance policies belonging to the branches I,II,III,IV,V,VI; rating and quantification of the technical reserves; use of standard models during the insurance process and to the basic analysis of the management of a life-insurance company; application of evaluative methodologies to the profitabilty/value of life insurance products and portfolios, as well as to insurance activities (profit testing, embedded, actuarial appraisal value); technical analysis of the rules of application and of the guide lines to the activity of the Actuary in the life insurance sector.