Official government website of the Government of Kingdom of Saudi Arabia
Link to official Saudi websites end with edu.sa

All links to official educational websites in the Kingdom of Saudi Arabia end with sch.sa or edu.sa

Government websites use the HTTPS protocol for encryption and security.

Secure websites in the Kingdom of Saudi Arabia use the HTTPS protocol for encryption.

Registered with the Digital Government Authority under number:

20250417892
MTHF3801
4 hours English

Actuarial mathematics (1)

Actuarial mathematics 1
1 Introduction to life insurance, survival models and survival distributions
2 Life Tables, Life Insurances and Life Annuities
3 Premium Calculation
4 Net Premium Reserves
5 Insurance Models Including Expenses
6 Revision and preparation for the final exam
1.1 Mapped to: K3

Develop a comprehensive understanding of actuarial model concepts and theories, along with their practical applications in life and non-life insurance contracts.

Teaching Strategy Lecture
Assessment Methods Exams, quizzes
1.2 Mapped to: K3

Describe proficiency in probability theory and statistical techniques as applied to actuarial modeling and risk assessment, with a focus on foundational concepts and methodologies from these disciplines.

Teaching Strategy Lecture
Assessment Methods Exams, quizzes
2.1 Mapped to: S1

Quantify and solve complex risk-related problems in multiple states and across multiple life and non-life insurance policies using standard actuarial modeling techniques.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
2.2 Mapped to: S1

Evaluate the competitive property-casualty insurance market by analyzing market trends, regulatory influences, and competitive dynamics to develop strategies for industry growth and risk management.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
2.3 Mapped to: S3

Analyze and communicate customer characteristics, marketing strategies, and key factors influencing pricing and product offerings.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
3.1 Mapped to: V1

Collaborate effectively, both independently and in teams, to apply survival distributions and life tables (i.e., applications of probability) to problems of life and death, while fostering a commitment to lifelong learning in actuarial science.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
3.2 Mapped to: V2

Maintain confidentiality and professional standards while analyzing traditional insurance principles' application to non-interest-sensitive products, including disability insurance, pensions, health insurance, and warranties.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes