Advanced models and methods used in the valuation and management of long-term insurance coverages. Topics include cash-flow based profit analysis of modern life insurance products (universal life insurance, equity-linked insurance, and contracts with embedded options), stochastic pricing and reserving, and stochastic longevity models. Corequisite: RISK 801. Students with credit for RISK 412 may not take this course for further credit.
Advanced models and methods used in the valuation and management of long-term insurance coverages. Topics include cash-flow based profit analysis of modern life insurance products (universal life insurance, equity-linked insurance, and contracts with embedded options), stochastic pricing and reserving, and stochastic longevity models. Corequisite: RISK 801. Students with credit for RISK 412 may not take this course for further credit.
