Course co-ordinator(s): Professor Catherine Donnelly (Edinburgh), Dr Larry O’Brien (Malaysia).
Aims:
This course aims:
- to consider some more general models for mortality,
- to introduce life insurance policies,
- to introduce and develop the calculation of premiums,
- to introduce and develop the calculation of policy values.
Summary:
- Selection and select life tables,
- actuarial functions using ultimate and select life tables,
- net and gross premiums,
- equations of value,
- impaired lives,
- with-profits policies,
- expenses and bonuses,
- net and gross premium policy values,
- recursive relationship between policy values.
Detailed Information
Course Description: Link to Official Course Descriptor.
Pre-requisite course(s): F78AA Actuarial and Financial Mathematics A & F78AB Actuarial and Financial Mathematics .
Location: Edinburgh, Malaysia.
Semester: 1.
Reading list:
- Formulae and Tables for Actuarial Examinations (Yellow Tables)
- Actuarial Mathematics for Life Contingent Risks by Dickson, Hardy and Waters.
SCQF Level: 10.
Other Information
Help: If you have any problems or questions regarding the course, you are encouraged to contact the course leader.
Canvas: further information and course materials are available on Canvas