INTRODUCTION TO ACTUARIAL MATHEMATICS

About this Course

  • 316 students enrolled
  • 5 instructors

Course Description

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 Learning Outcomes

1 ) Evaluate the calculation of premium and reserves in life insurance
2 ) Practice the application of actuarial mathematics in life insurance business.
3 ) Explain the basic theory of actuarial mathematics in life insurance.

Course Details

STATUS : Open
DURATION : FLEXIBLE
EFFORT : 4 hours per week
MODE : 100% Online
COURSE LEVEL : Beginner
LANGUAGE : English
CLUSTER : Science & Technology ( ST )

Join this course

 Syllabus

Mortality Tables and Their Construction

Expectation of Life

Select and Ultimate Mortality

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

Varying Annuities

Annuities Payable More Than Once A Year

Continuous Life Annuities

Discrete Life Annuities

Life Annuities With Monthly Payments

Varying Annuities

Communication Functions

Recursion Equations

Prospective and Retrospective Reserve

Net Amount at Risk

Mean Reserve

Nonforfeiture Values and Options

Modified Net Premiums and Reserves

Full Preliminary Term Method

Zillmer Method

Distribution of Surplus

Mortality, Interest and Expenses Factors

Nonparticipating Gross Premiums

Asset Shares

Our Instructor

TS. DR. MOHD FADLY BIN MD AHID

 Course Instructor
UiTM Kampus Puncak Alam

PROFESOR MADYA DR MOHD ZAKI BIN AWANG CHEK

 Course Instructor
UiTM Kampus Tapah

ISMA LIANA BINTI ISMAIL

 Course Instructor
UiTM Kampus Tapah

DIANA JUNIZA BINTI JUANIS

 Course Instructor
UiTM Kampus Seremban 3

ABU BAKAR BIN AHMAD

 Course Instructor
UiTM Kampus Tapah

 Frequently Asked Questions

A1 : Mathematical techniques relating to preparation of mortality and other analytical tables.