ACTU 403 — Elements of Life Insurance
Statistics · University of Ghana
To instill the ability, in simple situations, to use judgment and apply the principles of actuarial planning and control needed for the operation on sound financial lines of providers of life insurance. Principal terms; The main contract types; The principles of life insurance markets; Data requirements and verification; Product pricing; Reserving; Surrender values; Policy alterations; Derivation of actuarial assumptions; Measurement and analysis of surplus; Methods of distributing surplus to policyholders; Principles of investment and asset-liability modeling; Principles of regulation and accounting; Risk and uncertainty in life insurance business; Principles of risk management including reinsurance; Life insurance regulations, including: Taxation, Accounting, Supervisory regulation; Experience rating; Future financial requirements including dynamic financial analysis; Value of a life company; Evaluation of the capital requirements of a life insurer for the purpose of determining the strategy for growth in business.
- Credits
- 3
- Level
- Level 400
- Semester
- Semester One
Other courses on this programme
- ACTU 404 — Pensions and Social Security
- ACTU 407 — Survival Analysis and Modelling
- ACTU 409 — Introduction to Actuarial Mathematics
- STAT 440 — Data Analysis II (Pre-req. STAT 222, 233)
- STAT 441 — Statistical Inference: Estimation (Pre-req. STAT 331, 333)
- STAT 442 — Statistical Inference: Tests of Hypotheses (Pre-req. STAT 331, 334)
- STAT 444 — Survey Organization and Management (Pre-req. STAT 335)
- STAT 445 — Regression Analysis (Pre-req. STAT 334)
- STAT 446 — Multivariate Methods (Pre-req. STAT 332)
- STAT 447 — Non-Parametric Statistics (Pre-req. STAT 333, 304)
- STAT 448 — Analysis of Experimental Designs (Pre-req. STAT 336)
- STAT 450 — Project
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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).