Course Title:Life Insurance Actuarial Science
Prerequisites:Advanced Mathematics B-Calculus, Probability Theory and Mathematical Statistics (EM), Interest Theory (Financial Mathematics)
Corresponding Major:Actuarial Science, Insurance, Statistics
Course Introduction:
This course is a compulsory course in the program of Actuarial Science. Based on life insurance research, mathematics, probability theory, statistics, interest theory and financial models are used to analyze and predict various risk factors in the insurance industry. The main contents of the course include the key concepts concerning tabular or parametric survival models and single or multiple-life states, the calculations on the present value random variables associated with benefits and expenses for some models, the calculations on the premium, and reserves for insurances and annuities. Through this course, the students can understand and master the basic principles, skills and actuarial methods of life insurance actuarial practice.
The teaching objective of this course is to enable students to further master the process of compiling life tables, get familiar with the calculation methods of insurance premium and reserve in insurance practice, and cultivate their ability to use life insurance actuarial tools to deal with practical problems.
