ACTUARIAL MATHEMATICS (4/1 Credits)
Learning Outcomes:
On successful completion of this Course, students will be able to: Apply the time value of money, probability concept and survival function used in insurance; Apply 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:
- Principles of Financial Mathematics;
- Brief Review of Probability;
- Survival Model;
- Life Table and Annuities;
- Life Annuities;
- Life Insurance;
- Net Premium.
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