New Econ for Life Actuaries
Knut Aase and
Svein-Arne Persson
ASTIN Bulletin, 2003, vol. 33, issue 2, 117-122
Abstract:
In an editorial in ASTIN BULLETIN, Hans Bühlmann (2002) suggests it is time to change the teaching of life insurance theory towards the real life challenges of that industry. The following note is a response to this editorial. In Bergen we have partially taught the NUMAT, or the NUMeraire based Actuarial Teaching since the beginning of the 90's at the Norwegian School of Economics and Business Administration (NHH). In this short note we point out that there may be some practical problems when these principles are to be implemented.
Date: 2003
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