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Actuarial Mathematics of Life Insurance
Release Date: 2017-09-221. Basic Course Information
Course Title:Actuarial Mathematics of Life Insurance
Course Code:109793
Credit Hours/Credits:48/3
Students:Undergraduate Students majoring in Statistics and Applied Statistics
Prerequisites: Mathematical Analysis,Advanced Algebra,Probability Theory and Mathematical Statistics
Subsequent Course(s): All other Professional Courses
Course Category: Professional Fundamental Course
Assessment: final exam (70%) + Participation & Assignments (30%)
2. Course Introduction
This course focuses on introduce the basic concepts, basic principles and basic skills of life insurance in actuarial studies. Specifically, the course will cover: Introduction Life Insurance Actuarial, interest rate measurement, certain annuity, life function, survivorship annuity, life insurance, annual premiums, the premium and the liability reserve, the actual liability reserve, cash value and policy options, asset shares and profit analysis.