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:

Principles of Financial Mathematics;
Brief Review of Probability;
Life Table and Annuities;
Exercises and Quiz 1;
Life Annuities;
Life Insurance;
Exercises and Quiz 2;
Net Premium;
Exercises and Quiz 3.

Published at : 09 October 2014 Updated at : 12 December 2017

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