Banking and Insurance Law

The aim of the course is to present a few topics in banking and insurance law in which mathematical reasoning (probabilistic thinking, financial and actuarial mathematics) plays an important role. The student shall demonstrate that has acquired a basic knowledge of the fundamental institutes of banking and insurance law (and their mathematical aspects) which will be dealt with during the course.

- Understanding the basic notions of probability such as the definition of probability, conditional probability, Bayes theorem 
- Understanding basic notions of financial mathematics such as time value of the money, interest rates, present value, internal rate of return, actuarial value
- Understanding the relevance of the aforementioned concepts to judicial applications in banks and insurance companies
- Being able to think and compute in probabilistic terms and to perform basic financial calculations

Furthermore, at the end of the course the student who has profitably learned the subject will have a thorough knowledge of the topics of the course, with the acquisition of a method of reasoning suitable to deal with specific and complex legal issues in banking and insurance law.