Course co-ordinator(s): Professor Catherine Donnelly (Edinburgh).
Aims:
The aims of this course are to:
- introduce the principles of actuarial planning and control within life insurance companies; and
- apply this knowledge and understanding to practical situations in life insurance.
Summary:
- Models
- Investment guarantees
- Options
- Reinsurance
- Underwriting
- Actuarial funding
- Unit pricing
- Surrenders and alterations: non-profit contracts
- Product design
- Reserving
- Setting assumptions
- Risk discount rate
- Monitoring experience
Detailed Information
Course Description: Link to Official Course Descriptor.
Pre-requisites: none.
Location: Edinburgh.
Semester: 2.
Reading list:
The AMS department’s ‘Life Office Practice Book’ provides useful background reading on the topics covered in the course. In addition, students are encouraged to read widely on the subject of life insurance through eg papers from the ‘British Actuarial Journal’, and articles from ‘The Actuary’ magazine.
SCQF Level: 11.
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