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Course Description: Survival Distributions (Future Life - Life Tables - Basic Theories for Calculating Actuarial Function Moments - Fractional Age Assumptions) Single Net Premiums for Life Insurance Contracts (Definition Using Random Method - Actuarial Distribution - Present Value Function for Various Annuities (Life Annuities) - Cumulative Actuarial Function - Lump Sum and Periodic Payment Techniques - Annuities with Monthly, Annual, and Proportional Payments - Recurrence Equations - Net Annual Premiums (Actuarial Equivalence Principle - Basic Contracts - Monthly Premiums - Life Insurance with Accumulating Benefits) Reserves (Definition of Expected Loss - Basic Contracts - Reserves for Monthly Premiums - Recurrence Equations for Discrete Reserves - Reserves for a Fractional Period - Allocation of Loss over Policy Years).
Credit hours: 3
Prerequisites: 327 STAT
Objectives of the course :

This course aims to apply statistics and modeling in insurance science and life risk management.

Course outputs :

Acquiring knowledge on how to use statistical models in insurance methods and their related risks – deepening scientific ability in the field of statistics to keep pace with the labor market requirements in the insurance sector, which demands high scientific competence.

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  • Last updated: 2026-06-04

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