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UQU Programs
Actuarial Science and Financial Mathematics

Actuarial mathematics (2)

MTHF3803
4 hours English

Actuarial mathematics (2)

Actuarial Mathematics 2
MTHF3801 Actuarial mathematics (1)
4 hours One requisite
1 Revision of the previous requirement
2 Theory and applications of multiple decrement models
3 Multiple state models, and multiple life functions
4 Interest Rate Risk
5 Profit Testing
6 Universal Life Insurance
7 Revision and preparation for the final exam
1.1 Mapped to: K1

Explain the actuarial functions involving two lives and value-related cashflows.

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

Describe the value cashflows contingent on multiple events using multi-state models.

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

Identify applications of multiple life functions and multiple decrement models in the actuarial context.

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

Determine the steps involved in modeling life insurance portfolios to evaluate the probability of survival and death considering multiple attrition.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
2.3 Mapped to: S2

Evaluate transition and occupancy probabilities as well as the premiums and reserves for multi-state models

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

Collaborate effectively to prepare for success in exams that rely on actuarial mathematics, such as the Society of Actuaries’ Actuarial Models exam..

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

Maintain confidentiality while critically evaluating the assumptions necessary to draw certain conclusions.

Teaching Strategy Lecture/Individual or group work
Assessment Methods Exams, quizzes
Assessment
Weight
Homework’s, Quizzes, Mini projects
20%
Midterm
30%
Final Exam
50%
Total
100%