ACTU 304 — Life Contingencies
Statistics · University of Ghana
To help students to know the fundamental techniques relevant to the valuation of cash flows which are a function of death, survival and other uncertain risks. Models that depict time until death, analysis of probability distributions and present values associated with multiple decrement and multiple life models. Application of probability to problems of life and death. The determination of premiums for insurances and annuities in discrete and continuous cases. Single life annuity and life insurance loss random variables and their probability distributions with application to analysis of benefits, premiums, net premiums and net premium reserves. Mortality table, measures of mortality, force of mortality graduation. The identity of the forces.
- Credits
- 3
- Level
- Level 300
- Semester
- Semester Two
Other courses on this programme
- ACTU 303 — Introduction to Financial Mathematics
- ACTU 320 — Internship in Actuarial Science
- STAT 331 — Probability Distributions (Pre-req. STAT 221, 224)
- STAT 332 — Multivariate Distributions (Pre-req. STAT 331)
- STAT 333 — Statistical Methods I (Pre-req. STAT 224)
- STAT 334 — Statistical Methods II (Pre-req. STAT 333)
- STAT 335 — Sample Survey Methods
- STAT 336 — Design of Experiments (Pre-req. STAT 223)
- ACTU 101 — Introduction to Statistics and Probability for Actuaries
- ACTU 202 — Data Analysis and Statistical Computing
- ACTU 403 — Elements of Life Insurance
- ACTU 404 — Pensions and Social Security
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Start freeCourse details from University of Ghana Volume 3 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Sciences (2017).