The Department of Mathematics and Statistics

Course Description

This course is the second part of the Life Contingencies course. The contents of this course will introduce students to application of multiple life functions and multiple decrement models in the actuarial context. Students will learn steps involved in modelling life insurance portfolios to determine the probability of survival and death in a multiple decrement basis. In addition, students will gain practical application of the course content through a software based assignment required for the valuation of the reserves for an individual life insurance policyholder. A software used in the actuarial field will be incorporated in the course so that students develop practical skills.

Assessment