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Course Info

About this Course

This course introduces the students to the real actuarial working environment. The syllabus for this course provides a basic understanding of actuarial mathematics including understanding basic knowledge and applying that knowledge purposely for life insurance premiums calculations.

Course Syllabus

Life Tables
Mortality Tables and Their Construction

Expectation of Life

Select and Ultimate Mortality


Annuities
Net Single Premiums of Whole Life Annuity, Temporary and Deferred Life Annuities

Varying Annuities

Annuities Payable More Than Once A Year


Net Premiums
Continuous Life Annuities

Discrete Life Annuities

Life Annuities With Monthly Payments

Varying Annuities

Communication Functions

Recursion Equations


Net Level Reserves
Prospective and Retrospective Reserve

Net Amount at Risk

Mean Reserve

Nonforfeiture Values and Options


Modified Reserves Systems
Modified Net Premiums and Reserves

Full Preliminary Term Method

Zillmer Method


Gross Premiums
Distribution of Surplus

Mortality, Interest and Expenses Factors

Nonparticipating Gross Premiums

Asset Shares


Frequently Asked Questions

Q1 : What is actuarial mathematics?
A1 : Mathematical techniques relating to preparation of mortality and other analytical tables.