Introduction to Actuarial Science

Course
en
English
16 h
This content is rated 4 out of 5
Source
  • From www.edx.org
Conditions
  • Self-paced
  • Free Access
  • Fee-based Certificate
More info
  • 8 Sequences
  • Introductive Level

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Course details

Syllabus

Lesson 1: Valuing Cash Flows
  • Time Value of Money
  • Present Value
  • Accumulated Value
  • Valuing Multiple Regular Payments 
Lesson 2: Applications of Valuing Cash Flows
  • Equations of Value
  • Example – Annuity Certain
  • Application in Spreadsheets
Lesson 3: Analysis of State Transitions
  • Introduction to State Transitions
  • Two State Model (Active/Dead)
  • Calculating Probabilities using the Two State Model 
Lesson 4: The Life Table
  • Introduction to the Life Table
  • Calculating Probabilities using the Life Table 
Lesson 5: Valuing Uncertain Cash Flows
  • Expected Present Value
  • Accumulated Value and Uncertainty
Lesson 6: Modelling a Life Insurance Company 1
  • The Life Insurance Company Scenario
  • A Single Projection
  • Simulations
  • Analysing the Simulation Output
Lesson 7: Modelling a Life Insurance Company 2
  • Reserves
  • Adjustments to Reserves
  • Additional Scenarios

Prerequisite

Secondary school (high school) algebra, calculus and probability among other basic mathematical concepts.

Instructors

Adam Butt

Editor

Australian National University

Platform

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