FINC 451 — Introduction to Actuarial Science
Finance · University of Ghana
Actuarial science is a field of study that deals with the evaluation of future events and designing of creative ways to reduce the likelihood of undesirable events and their impact on our society. It utilizes mathematical, statistical and financial methods to model and minimise the occurrence of these events and their associated financial losses. Actuaries are professionals responsible for risk management and calculation of premiums for insurance companies. This course focuses on basic actuarial science concepts. The objective of this course is to provide students with the basic concepts in probability, statistics and financial mathematics for the evaluation of future events and undesirable events on our society. It is also designed to meet the basic needs of students intending to take the professional examination on Construction and Evaluation of Actuarial Models given by the Causality Actuarial Society and the Society of Actuaries. Topics include: Probability, Loss Distribution, Financial Mathematics, Linear and Matrix Algebra, Statistical Concepts for Actuaries, Survival and Severity Models, Aggregate Compound Models, Life Contingency Models and Ruin Theory.
- Credits
- 3
- Level
- Level 400
- Semester
- Semester One
Other courses on this programme
- FINC 401 — Investment Fundamentals
- FINC 402 — Monetary Theory
- FINC 403 — Bank Management
- FINC 404 — International Finance and Banking
- FINC 405 — Banking Operations
- FINC 406 — Financial Markets
- FINC 407 — Labour Economics
- FINC 408 — Microfinance
- FINC 452 — Property and Pecuniary Insurance
- FINC 453 — Elements of Risk and Insurance
- FINC 454 — Assurance of the Person
- FINC 455 — Insurance of Liability
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Start freeCourse details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).