Module code | IAS 382 |
Qualification | Undergraduate |
Faculty | Faculty of Natural and Agricultural Sciences |
Module content | Principles of actuarial modelling and stochastic processes. Markov chains and continuous-time Markov jump processes. Simulation of stochastic processes. Survival models and the life table. Estimating the lifetime distribution Fx(t). The Cox regression model. The two-state Markov model. The general Markov model. Binomial and Poisson models. Graduation and statistical tests. Methods of graduation. Exposed to risk. The evaluation of assurances and annuities. Premiums and reserves. |
Module credits | 20.00 |
Programmes | |
Service modules | Faculty of Economic and Management Sciences |
Prerequisites | WST 312 60% |
Contact time | 1 practical per week, 2 lectures per week |
Language of tuition | Module is presented in English |
Department | Actuarial Science |
Period of presentation | Semester 2 |
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