Latest News

Here we will inform you about the latest research topics, upcoming events and other news of the department.

Latest News


Short News / 2.1.2023

Second Place at the »SCOR Prize«

Dr. Simon Schnürch (left in the picture), until recently working in our department »Financial Mathematics«, ended 2022 with a success: His dissertation »Mortality Modeling Machine Learning and Mortality Shocks« won second place at the »SCOR Prize« in Germany! The Prize is endowed with 4,000 euros.

SCOR is one of the top 5 global reinsurers based in Paris and awards prizes in several countries. 


Fraunhofer-Magazine (3) /29.12.2022

ITWM-Project Enerquant in Fraunhofer Magazine

The energy supply in Germany has a complex structure: The availability of sustainable power sources and the demand vary strongly. In the ITWM-project EnerQuant, our experts pursue the approach to depict this complexity in a fundamental model and thus to save costs. The Fraunhofer Magazine reports on this in a dedicated article.


[Only available in German]


Press Release / 20.9.2022

Swiss Actuarial Association honors Ralf Korn

The Swiss Actuarial Association (SAV) held a meeting in which Prof. Dr. Ralf Korn participated. He founded the department »Financial Mathematics« of the Fraunhofer ITWM and headed it for many years. Now he has been elected as a corresponding member of the SAV.  [Only available in German]


Short News / 4.8.2022

Best Paper Award for Prof. Dr. Ralf Korn

Prof. Dr. Ralf Korn is a consultant at our institut and founder of the department »Financial Mathematics« and has now been awarded the MDPI's 2021 Best Paper Awards for his paper on »Machine Learning in Least-Squares Monte Carlo Proxy Modeling of Life Insurance Companies«. Congratulations!


Interview with Dr. Normann Pankratz, Debeka Insurances

Standardized Evaluation of Pension Products

The ITWM team is now working with Debeka in the project »Transparency Initiative for Occupational Pension Plans« for more transparency. In this interview, Dr. Normann Pankratz, member of the executive board of Debeka Insurances, explains what this means and what the cooperation with Fraunhofer-ITWM looks like.


InnoVisions / 28.6.2022

Quantum Computing for the Big Picture

Can quantum computers calculate Germany's entire energy system? Determining the exact amount of energy needed at that moment is almost an impossibility, especially for conventional computers. But perhaps it can be done with quantum computers? The project EnerQuant wants to clarify what opportunities opens up here. [Article only available in German]


Press Release / 20.7.2022

Pandemic Prevention With Statistics Software

The pandemic confronted Germany's public health departments with major challenges. Help also came from mathematics: Together with partners, we used statistical modeling to support the health offices in the multitude of decisions that had to be made on a daily basis. Now the »EsteR« project is coming to an end and we can present some exciting results and tools – tools that will also be relevant in the future.


Press Release / 9.6.2022

Using Energy Efficiently With Math

The topic of energy is more present than ever before: Both industry and private households are facing new challenges.

Our Experts have been developing innovative methods and models for the energy sector for several years. From June 21 to 23, the researchers will present the most exciting energy projects at the leading trade fair E-world.


InnoVisions / 7.6.2022

Time is Money

In the future magazine InnoVisions, Dr. Jonas Koppe, research coordinator for quantum computing at Fraunhofer ITWM, explains how new technologies can be used to better assess the risks of investments. [only available in German]

Our EP-KI Team Blog

Here, the EP-KI team blogs. This stands for decision support for business management processes with the help of new AI methods. Our junior research group »EP-KI: Decision Support for Business Processes using New AI Methods« works at the interface of business administration and artificial intelligence (AI). Funded by the German Federal Ministry of Education and Research, the junior research group focuses its research on future-oriented issues and their solution by user-friendly methods.

Our AI Group team of scientists has set itself the goal of supporting current developments in digitization in public administration and SMEs. In the blog, we regularly report on our work, activities and comment on current developments.



Leipzig, Conference / 26. – 27.04.2023

Riskmanagement and Investment in Insurance 2023

Versicherungsforen Leipzig organizes this professional conference and offers an opportunity to further educate oneself through numerous lectures. Prof. Dr. Ralf Korn and Dr. Stefan Mai give a tandem lecture on »Solvency Capital Estimation with Linear Regressions and Neural Networks«.


Leipzig, Conference / 2. – 3.3.2023

User Group »Kapitalanlagemanagement«

The 35th working meeting of the User Group deals with current challenges of capital investment management at insurance companies. Our colleague Dr. Stefan Mai from the department »Financial Mathematics« and Dr. Mohammad Assadolimani from RuV will give a tandem lecture on the topic »Quantum Computing and ALM«.


Kaiserslautern, Workshop / 22.11.2022

Trading and Optimization for Flexible Energy Consumers

In the FlexEuro project, researchers from the department »Financial Mathematics« and the division »Optimization« are developing models and methods for the optimal marketing of load flexibilities in various electricity markets. At the end of the project, the project team is organizing a workshop whose goal is to look at the topic of »Flexibility« from different angles.


Current Research Topics

Our doctoral students and post-docs research current topics in financial mathematics and data science.


Seminar / 11.3.2021

ML in KL Lightning Talks

You like science, ML and virtual coffee chats? This is for you!

The »ML in KL Lightning Talks« are a local initiative that offers new networking opportunities for researchers of all institutions in KL.

Topic on March: »Experiences and New Approaches in the Training of Neural Networks«


Scientific Employees

You are interested in solutions for data-driven problems and the implementation in software is your topic? Do you have new ideas that you would like to pursue proactively in research projects?

The department »FINANCIAL MATHEMATICS« of the Fraunhofer Institute for Industrial Mathematics in Kaiserslautern offers you an exciting position as a

  • Research Associate »Financial Mathematics«
  • Research Associate »Mathematic for Energy Markets«
  • Research Associate »Quantum Computing«


Scientific Assistants / Interns

We are always looking for scientific assistants an interns as support in projects from the industry and research. Besides your interest on financial mathematical context, basic knowledge in a common programing language is requested. The remuneration is to be agreed upon.


Topics for Master Thesis

Currently, master's theses with the following topics are offered within the focus on financial mathematics for the energy industry:

  • Instance ranking prediction and aggregation in fraud detection
  • Opportunity and risk analysis of the pension phase in retirement provision products
  • Option valuation with quantum computers

Do you have your own idea for a thesis? This is also possible with us. Present us your proposed topic in a speculative application so that we can assess whether it reflects our core competencies.