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Course: 2025/2026

Introduction to actuarial assessment

(13787)

Bachelor in Finance and Accounting (2008 Study Plan) (Plan: 144 - Estudio: 201)

Coordinating teacher: BALBAS DE LA CORTE, ALEJANDRO

Department assigned to the subject: Business Administration Department

Type: Electives

ECTS Credits: 6.0 ECTS

Course:

Semester:

Objectives

The course will provide the students with knowledge about: - Pricing life insurance and pension funds. - Pricing general insurance policies. - Risk management for insurance companies - Reinsurance and Credibility Theory. - Financial derivatives linked to insurance markets. Finally: - Collaboration among students will be stimulated, so as to deal with complex practical problems. - Discussions and critic analyses will be provoked. - Empirical tests will be encouraged.

Description of contents: programme

FIRST PART: Life insurance and pension funds. SECOND PART: General Insurance, Risk Theory. THIRD PART: Reinsurance, Bonus-Malus, Financial Markets.

Learning activities and methodology

Methodology will include: (1) Lectures, in order to present the main ideas of every topic. (2) The use of the computer. (3) Numerical exercises. (4) More complicated practical situations that will be analyzed by teams of three/four students. (5) In this course students can use Artificial Intelligence tools without any kind of restriction. However, it is reminded that no access to any type of computer will be available during the exams.

Assessment System

% end-of-term-examination/test 60
% of continuous assessment (assigments, laboratory, practicals...) 40

- The weight of the participation in the room will be 5%.
- The weight of several sets of exercises, to be solved at home, will be 15%.
- Two papers developed by teams of three/four students will have the weight 20%.
- The weight of the final exam will be 60%.
- In order to pass the course, students must obtain at least 4 points out of 10 in the final exam. 
- Class attendance is mandatory for those students who want to be evaluated by the method above. Those who present four unexcused absences will lose the right to continuous evaluation, and their global grade will be the one obtained in the final exam.

Extraordinary call: regulations

Basic Bibliography

Bowers, JR., Newton, L., Gerber, H., Jones, D.. Actuarial Mathematics. The Society of Actuaries. 1979

The course syllabus may change due academic events or other reasons.