Module code: MTH5125
Credits: 15.0
Semester: SEM2
Contact: Dr Klaas Sijbrandij
Prerequisite: Before taking this module you must take MTH5124
This module extends the methods used in Actuarial Mathematics I. We study concepts involved with gross premium reserves, including death strain, mortality profit and Thiele's equation. We show how to calculate life table functions, annuities and assurances involving two lives, assuming independence. We describe and use methods of valuing expected cashflows that are contingent upon multiple decrement events. We investigate projected cashflow techniques for pricing unit-linked contracts. We describe the principal forms of heterogeneity within a population.
Connected course(s): UDF DATA
Assessment: 70.0% Examination, 30.0% Coursework
Level: 5
