The participants of this
course should get an introduction to and overview of modern insurance
contracts and financial products, their pricing and hedging, and their
use in insurance. They should also acquire practical and
computational skills in the area. A further aim is to encourage
informal and close contacts between the Nordic insurance industry and
the universities. The course includes:
* Introduction to
financial mathematics
- Discrete time finance - Continuous time finance - Interest rate theory - Bond market theory
* Risk management in
life insurance
- Options - Interest rate
derivatives - Swaptions, Swaps, CMS
floors - Reinsurance
* Life insurance
products revisited
- Unit-linked contracts
and beyond - Participating life
insurance
Teaching material:
Textbook material and lecture notes by T. Møller and M.
Steffensen. The Nordic summer school is planned to occur regularly,
with two-year intervals.
For more details, please see the
Program.
The course will be
elementary and introductory. It is aimed at the actuaries in the Nordic
countries, interested actuaries from outside Scandinavia and Finland,
insurance mathematicians from academic institutions and graduate
students specializing in applied probability, statistics or insurance
mathematics. The course language will be English. The teaching will be
supported by lecture notes provided by the lecturers, and will be
complemented by practical computer exercises. The computer exercises
will be based on Excel. Since we only have a limited number of laptops,
participants are requested to bring a laptop with Excel.
The workshop is relevant
to actuaries who attended the courses on market values arranged by the
Danish Actuarial Association during 2001 and 2002, although the workshop
also gives an introduction to financial mathematics. The workshop
differs from the market value courses both in structure (for example
computer exercises) and in contents (for example derivatives and risk
management).
The course will be held
at Såstaholm
Konferens in Täby (ca 20 min from Stockholm, 25 min from
Arlanda airport). Click here for road
directions and maps ( map1, map2)
The fee for the course
is16000 SEK. This includes the hotel, breakfast, lunch, dinner, coffee
etc. at Såstaholm Konferens as well as the course material.
If your company would be
interested in participating in the summerschool we kindly ask you to
fill out the registration
form for companies .
Please confirm your registration by paying
the registration fee no later than August 8, 2003.
The fee should be paid to the following bank account, kindly provided
to us by Sveriges
Försäkringsförbund.
Sveriges
Försäkringsförbund (summerschool)
Bank: Svenska
Handelsbanken
Account number: 6114 - 121982068
Swift code: HANDSESS
People from academic institutions may apply for financial support of
8000 SEK. Please apply for financial support by contacting Henrik Hult.
Boualem Djehiche
(Sweden), Pål Lillevold (Norway), Thomas Mikosch (Denmark), Harri
Nyrhinen (Finland), Holger Rootzen (Sweden), Vibeke Thingaard
(Denmark).
Gunnar Andersson
(Sweden), Vibeke
Thingaard (Denmark), Erik Bolviken (Norway),
Lasse Koskinen (Finland) and Esko Kivisaari (Finland).
Boualem Djehiche and
Henrik Hult.
The Course starts on
Monday, 8 Sep, at noon and finishes on Friday, 12 Sep, at noon. Further
information will be presented later. Questions about the course should
be addressed to Henrik Hult hult@kth.se.
This document was last
modified June 19, 2002. Questions or comments to the contents of this
document should be directed to hult@kth.se.
Henrik Hult |
Email:
hult@kth.se |
Phone:
(+46) 8 790 7875 |