Yearbooks

Life assurance 700


 
Modulekode LEW 700
Kwalifikasie Postgraduate
Fakulteit Faculty of Natural and Agricultural Sciences
Module-inhoud

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.

Modulekrediete 40.00
Prerequisites No prerequisites.
Contact time 2 lectures per week, 2 practicals per week
Language of tuition Module is presented in English
Department Actuarial Science
Period of presentation Semester 2

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