Teaching Methodologies
Classes are based on a theoreticalpractical
approach, and the exposure of contents is accompanied by a wide
range of real cases, both national and foreign.
Three forms of assessment are available:
a) Students may carry out and discuss 4 evaluation works related to the topics under study, each for 5 marks;
b) Students may carry out and discuss 2 evaluation works related to the topics under study, each for 5 marks,
and be submitted to a final examination for 10 marks;
c) Students may be submitted to final examination for 20 marks, according to the rules defined in the
Assessment ISCAC.
In each case, students will be approved if they obtain an average of not less than10 marks.
Learning Results
At the end of the course, the student must be able to:
Know and evaluate the effects of life expectancy increasing;
Know the financial products aimed to manage the longevity risk, mainly life insurance and pension funds;
Propose private pension schemes, given the particularities of individuals and companies.
Program
1 – Main concepts
2 – Whole life insurance of constant capital
3 – Whole life insurance of variable capital: i) in arithmetic progression and ii) in geometric progression
4 – Term insurance with constant capital
5 – Term insurance with variable capital: i) in arithmetic progression and ii) in geometric progression
6 – Endowment insurance of n years
7 – Premiums
7.1 – Single premium
7.2 – Inventory premium
7.3 – Commercial premium
7.4 – Zillmer premium
8 – Mathematical reserves (prospective method and retrospective method)
II – Pension Funds
1 – Pension plans and pension funds
2 – Pension funds as private pensions
3 – Kinds of pension plans
3.1 – Defined Benefit Plans (DB)
3.2 – Defined Contribution Plans (DC)
4 – Actuarial methods for allocating pension funds’ costs
5 – Pension funds accounting
Internship(s)
NAO
Bibliography
CAIRNS, Andrew J. G. (2003), PensionFund
Mathematics, London, The Pensions Institute, Discussion Paper PI
0315, 11 pp.
MORENO RUIZ, Rafael et al. (2005), Matemática de los Seguros de Vida, Madrid, Ediciones Pirámide.
PELÁEZ FERMOSO, Francisco José e GARCÍA GONZÁLEZ, Ana (2004), Los planes y fondos de pensiones – un
análisis financieroactuarial,
Valladolid, Universidad de Valladolid, Secretariado de Publicaciones e
Intercambio Editorial.
PROMISLAW, S. David (2006), Fundamentals of Actuarial Mathematics, West Sussex, John Wiley & Sons, Ltd.
QUELHAS, Ana Paula e RUIVO, Margarida (2005), Statistical Measures on Pension Reform, paper apresentado
no âmbito do Projecto RESORE – Employee’s Resources and Social Rights in Europe, Deliverable 28, 12 pp.
QUELHAS, Ana Paula (2010), Seguros e Fundos de Pensões – uma perspectiva financeira e actuarial, Coimbra,
Almedina.
SILVA, Armindo Neves da (1999), Matemática das Finanças, vol. I, Amadora, Editora McGrawHill de Portugal