Academic Catalog

IAM783 SPECIAL TOPICS: LIFE INSURANCE: PRODUCTS, FINANCE AND MODELING

Course Code:	9700783
METU Credit (Theoretical-Laboratory hours/week):	3(3-0)
ECTS Credit:	8.0
Department:	Institute Of Applied Mathematics
Language of Instruction:	English
Level of Study:	Graduate
Course Coordinator:	Prof.Dr. AYÞE SEVTAP KESTEL
Offered Semester:	Fall or Spring Semesters.

Course Content

Short review of basic concepts, terminology, definitions in life insurance and the types of life insurance. Product development, pricing strategy, preliminary and final product design, product implementation and management, pricing assumptions and life insurance cash flows, reserves, reinsurance, investment income, profit measurement, financial modeling, asset/liability modeling, and matching, stochastic modeling and financial management.