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Curricular information is subject to change
At the end of the module students should be able to:Demonstrate understanding of select ratesConstruct life tablesDerive density and distribution functions and moments of random variables representing monetary functions associated with future lifetimes, including joint lifetimesCalculate net and gross premiums and reserves for different types of life insurance and annuity contractsCalculate mortality profit or loss on a prtfolio of policiesDerive Thiele's differential equationsEvaluate increasing and decreasing annuities and assurancesCalculate the profit vector, signature and net present value for conventional policies
Indicative Module Content:Demonstrate understanding of select rates
Construct life tables
Derive density and distribution functions and moments of random variables representing monetary functions associated with future lifetimes, including joint lifetimes
Calculate net and gross premiums and reserves for different types of life insurance and annuity contracts
Calculate mortality profit or loss on a prtfolio of policies
Derive Thiele's differential equationsEvaluate increasing and decreasing annuities and assurances
Calculate the profit vector, signature and net present value for conventional policies
Student Effort Type | Hours |
---|---|
Lectures | 24 |
Tutorial | 8 |
Autonomous Student Learning | 90 |
Total | 122 |
Students should have a good knowledge of basic statistics (expectations and variances), compound interest and survival models
Resit In | Terminal Exam |
---|---|
Spring | Yes - 2 Hour |
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Peer review activities
• Self-assessment activities
Not yet recorded.
Name | Role |
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Ms Jinbo Zhao | Tutor |