F70LA Life Insurance Mathematics A

Professor Catherine DonnellyDr Larry O’Brien

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