Prague, Czech Republic

Financial and Insurance Mathematics

Master's
Language: EnglishStudies in English
Subject area: economy and administration
Years of study: 2
University website: www.cuni.cz
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Insurance
Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.
James Surowiecki in:The New Yorker, Volume 82, Issues 12-19, F-R Publishing Corporation, 2006, p. 28.
Insurance
Just as we have the power to harm the ocean, we have the power to put in place policies and modify our own behavior in ways that would be an insurance policy for the future of the sea, for the creatures there, and for us, protecting special critical areas in the ocean.
Sylvia Earle, The National Oceanic And Atmospheric Administration in:Effect of Violent Video Games on Kids; Dogs' Efforts to Keep Mail Safe; Spanish Government Sues Over Oil Spills,CNN.com, May 18, 2003.
Insurance
Microeconomics is the study of how people make decisions in resource-limited situations on a more personal scale. It deals with the decisions that individuals and organizations make on such issues such as how much insurance to buy, which word processor to buy, or what prices to charge for their products or services.
Barry Boehm "Software engineering economics." Software Engineering, IEEE Transactions on 1 (1984): 4-21. p. 4.
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