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