AKTUARSKA MATEMATIKA

After completion of this course the student will be able to: 1. Describe the calculation base in tariffs calculation of life insurance and calculate the discount factor in insurance- technical sense. 2. Define the biometric functions, the intensity of mortality, expected and probable life duration. 3. Calculate net and gross premiums for the various types of life insurance. 4. Establish tariffs in property insurance. 5. Calculate the premium reserve in 4 ways. 6. Explain the methods of determining reserves for losses and retention. 7. Define and determine a solvency margin and assess the rating of insurance companies.