Module Details |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | LIFE INSURANCE MATHEMATICS I | ||
Code | MATH273 | ||
Coordinator |
Dr M Boado Penas Mathematical Sciences Carmen.Boado@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2016-17 | Level 5 FHEQ | First Semester | 15 |
Aims |
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?Provide a solid grounding in the subject of life contingencies for single life, and in the subject of the analysis of life assurance and life annuities, including pension contracts. Provide an introduction to mathematical methods for managing the risk in life insurance,? Develop skills of calculating the premium for a certain life insurance contract, including allowance for expenses and profits? Prepare the students adequately and to develop their skills in order to be ready to sit for the exams of CT5 subject of the Institute and Faculty of Actuaries. |
Learning Outcomes |
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Syllabus |
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1 |
1 ?(a) Review of Survival models |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. Explanation of Reading List: |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
MATH162; MATH101; MATH102 |
Co-requisite modules: |
Modules for which this module is a pre-requisite: |
MATH373 |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme:NG31 Year:2 |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Written Exam | 2.5 hours | First Semester | 100 | Yes | Standard UoL penalty applies | Assessment 1 Notes (applying to all assessments) Unseen Written Exam |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |