F70LB Life Insurance Mathematics B

Dr Larry O’Brien

Course co-ordinator(s): Peter Ridges (Edinburgh), Dr Larry O’Brien (Malaysia).

Aims:

This course aims:

  • to introduce some more advanced topics in life insurance mathematics, and complete the material covered in Subject CT5

Summary:

  • Thiele’s differential equation
  • Markov multiple-state models
  • risk reserves
  • insurances written on multiple lives
  • the features of disability and long-term care insurance and pension contracts
  • heterogeneity and selection
  • single-figure indices
  • profit testing conventional insurance contracts
  • profit testing unit-linked contracts

Detailed Information

Course Description: Link to Official Course Descriptor.

Pre-requisite course(s): F70LA Life Insurance Mathematics A .

Location: Edinburgh, Malaysia.

Semester: 2.

Reading list:

  • Formulae and Tables for Actuarial Examinations
  • Introduction to Survival Models, Volumes 2 and 3 Hardy, Macdonald, Waters and McCutcheon.

SCQF Level: 10.

Credits: 15.

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