Laboratory of actuarial mathematics

Course objectives

Learning goals The primary educational objective of the course is the students' learning of some actuarial models in the context of both non-life and life insurance mathematics (in particular, those regarding premium calculation and the estimation of the technical reserves) through the use of dedicated or ad hoc implemented software. Knowledge and understanding After attending the course the students know theoretically and know how to deal with topics of particular interest in the actuarial mathematics of life and non life insurance. Applying knowledge and understanding At the end of the course, students are able to construct and apply some evaluation models typical of the actuarial mathematics of life and non life insurance, using specific software as well as to interpret the results. Making judgements Students develop critical skills through the application of different typical actuarial models in life and non life insurance, also using experience data. From the analysis of the results, the students learn a critical vision of the applied evaluation models. Communication skills The students, through the study and practical application, acquire the technical language of the discipline, which must be used appropriately in the final test. Communication skills are also developed through group activities. Learning skills Students passing the exam have learned knowledge and method of analysis that allows them to deal with more advances actuarial models.

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Gianluca Martino Lecturers' profile

Program - Frequency - Exams

Course program
The program is organized into 3 modules: - Module 1 - Introductory review of Actuarial Mathematics (random financial transactions and their valuation methods; non-life insurance and life insurance) [6 hours]. - Module 2 - Actuarial Mathematics of Non-Life Insurance (probabilistic models; premiums; health insurance; technical reserves) [10 hours]. - Module 3 - Actuarial mathematics of life insurance (probabilistic models; construction of mortality tables; premiums; mathematical reserves; surrenders; valuation of profit; overview on other life insurance) [10 hours].
Prerequisites
The Actuarial Mathematics Course is a requirement for the Actuarial Mathematics Laboratory. In general, theoretical knowledge of the following topics is required: - certain and random financial transactions (present value, expected value, net present value, ...) - non-life insurance (premiums, reserves, ...) - life insurance (mortality tables, premiums, mathematical reserve, ...)
Books
Notes
Frequency
A minimum attendance of 50% of scheduled classes is required in order to take the final exam.
Exam mode
The final test will consist of exercises, related to the topics covered in the course, to be done in Excel.
Bibliography
Matematica e tecnica attuariale delle assicurazioni sulla durata di vita - E. Pitacco
Lesson mode
The lectures are structured as practical exercises in Excel with a preliminary theoretical overview.
  • Lesson codeAAF1532
  • Academic year2025/2026
  • CourseStatistics, Finance and Actuarial sciences
  • CurriculumFinanza e assicurazioni
  • Year3rd year
  • Semester1st semester
  • CFU3