Insurance Mathematics and Financial Engineering

Faculty Members and Teaching Staff

Paul Embrechts
Hans Bühlmann
Alois Gisler
Michael Koller
Mario Wüthrich
Hansjörg Furrer
Peter Antal

Description

For over 100 years, the Department of Mathematics of ETH Zurich has been offering courses in the field of Insurance Mathematics (Actuarial Mathematics). Over the last decades we have worked out an internationally highly visible educational program in this area. At the same time, we have enlarged the scope of our courses to include wider areas of Financial Mathematics, Economics, Risk Management and Financial Engineering. The prime goal of the focus area "Insurance Mathematics and Financial Engineering" is to provide mathematically oriented lectures with a broad selection of courses which aim first at offering students a way to become an actuary as defined by the Swiss Association of Actuaries, and secondly to give interested students a training platform in the broad area of Quantitative Risk Management and Financial Engineering. The latter allows for job prospects in the wide areas of the Financial Industry, Energy Sector, Regulation and the like.

The following lectures count towards the degree Master in Applied Mathematics and Master in Mathematics (in line with the relevant directives). Moreover, the following courses are also officially recognized towards the title

Actuary SAA / Aktuar SAV

This title is assigned by the Swiss Association of Actuaries (SAA) and is officially recognized by many foreign countries (Group Consultatif).

For more information see also:

1. Insurance Mathematics at ETH Zurich
   
2. Swiss Association of Actuaries
   
3. Group Consultatif
   

Lectures

The following lectures in the fields of Insurance Mathematics and Financial Engineering are given regularly:

Basic Courses in Insurance Mathematics

• Risk Theory for Insurance (M. Wüthrich, yearly)
• Life Insurance Mathematics (M. Koller, yearly)
• Nicht-Leben Versicherungsmathematik (Non-life Insurance Mathematics) (A. Gisler, yearly)
  

Advanced Courses in Insurance Mathematics

• Quantitative Risk Management (P. Embrechts, yearly)
• Market-Consistent Actuarial Valuation (M. Wüthrich, H.-J. Furrer, every 2nd year)
• AK Lebensversicherungsmathematik (Selected Topics in Life Insurance Mathematics) (M. Koller, yearly)
• Credibility (A. Gisler, yearly)
• Stochastic Loss Reserving Methods (M. Wüthrich, every 2nd year)
• Reinsurance Analytics (P. Antal, every 2nd year)
  

Courses in Financial Mathematics

• Economic Theory of Financial Markets (M. Wüthrich, every 2nd year)
• Mathematical Foundations for Finance (W. Farkas, M. Schweizer, yearly)
• Mathematical Finance (M. Schweizer)
• Interest Rate Modeling in Discrete Time (M. Wüthrich and J. Muhle-Karbe)
  
• Further lectures by W. Farkas, M. Schweizer, J. Teichmann and M. Soner.