People Innovation Excellence

ACTUARIAL MATHEMATICS (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Apply the time value of money and probability concept used in insurance; Analyze the concept of deterministic model of annuities, life annuities and their relationship with interest, present and future value; Analyze the concept of life insurance, annual premium and net premium.

Topics:

  1. Principles of Financial Mathematics;
  2. Brief Review of Probability;
  3. Life Annuities;
  4. Life Insurance;
  5. Net Premium;
  6. Life Table and Annuities;
  7. Exercises and Quiz 1;
  8. Exercises and Quiz 2;
  9. Exercises and Quiz 3.

 


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