MACT 424/4322 - Long-Term Actuarial Mathematics II (3 cr.)
Prerequisites
MACT 4212 and
Description
This course is designed to build and expand on the concepts introduced in MACT 4321 . The major aim of this subject is to study policy values for life insurance policies. The focus is put on the definition of the prospective loss random variable and the analysis of policy values (also known as reserves) in various life insurance contexts. A multiple states model for life insurance is introduced. Models for multiple decrements and multiple-life insurance contracts are also examined. The course provides an introduction to pension mathematics and the valuation of pension’s liabilities.
When Offered
Offered once a year.
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