Non-life Insurance Mathematics 7.5 credits

About the course

This course is concerned with reserving and pricing of non-life insurance policies, considering various characteristics of the insured object and the policyholder. We will start by exploring pricing using Generalized Linear Models (GLMs), a method introduced by British actuaries and now widely adopted in the industry. In cases with insufficient data, we will combine GLMs with credibility theory to obtain reliable estimates.

Reserving is concerned with estimating payments for incurred but not (enough) reported claims. Here we will study methods such as the chain ladder method.

Besides the theoretical knowledge, an important part of the course is to develop the students' ability to apply the methods discussed on real data.

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Autumn 2026
- Non-life Insurance Mathematics
  
  Second admissions round for EU/EEA citizens
  
  HT26 / Umeå / English / On site
  
  Application opens 16 March 2026
  
  Save education at universityadmissions.se
  
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  Starts
  2 November 2026
  
  Ends
  17 January 2027
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  50%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-5800I
  
  Eligibility
  
  The course requires 90 ECTS including at least 30 ECTS in Mathematics, 15 ECTS in Mathematical Statistics or Statistics and at least 7,5 ECTS in Programing Methodology, or equivalent. Proficiency in English equivalent to the level required for basic eligibility for higher studies. Where the language of instruction is Swedish, applicants must prove proficieny in Swedish to the level required for basic eligibility for higer studies.
  
  Selection
  
  Guaranteed place
  
  Application
  The online application opens 16 March 2026 at 09:00 CET. Application deadline is 15 April 2026. Please note: This second application round is intended only for EU/EEA/Swiss citizens.
  
  Application and tuition fees
  As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
  
  Application fee: SEK 900
  
  Tuition fee, first instalment: SEK 19,038
  
  Total fee: SEK 19,038
  
  Details about tuition, fees and funding

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