|Module code||LEW 700|
|Faculty||Faculty of Natural and Agricultural Sciences|
The following aspects of the operation of a life insurance company are covered: General business environment; products offered; asset shares for life insurance contracts; with-profits surplus distribution; actuarial funding; models; setting of assumptions; aspects of products design; alterations to contracts; development and maintenance; investment; risk management procedures including reinsurance and underwriting; cost of guarantees; policy data checks; capital management and the actuarial control cycle. Modelling and monitoring policy cashflows for purposes of pricing, profit analysis, statutory valuation reserves and ongoing solvency.
|Contact time||2 lectures per week, 2 practicals per week|
|Language of tuition||Module is presented in English|
|Academic organisation||Actuarial Science|
|Period of presentation||Semester 2|
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