Insurance mathematics track: Actuarial Mathematics I

Description

This course is the first course of the Insurance mathematics track. The course "Actuarial Mathematics I" introduces the main mathematical and actuarial concepts used in non-life, life and reinsurance business. This course is designed for the beginners with some background in statistics, calculus and aimed to provide the main hot topics used in theory and practice. It is also designed to lead those who would like to shift from a different discipline to an actuarial one, as it prefers to take a "step by step" approach advancing by time as the courses are completed subsequently.

The course takes a step-by-step approach and treats every actuarial related business lines to be able to give a flexibility to pursue a career in life, non-life and reinsurance business.

This course is mainly split into 2 pillars: a) non-life and life insurance mathematics and b) reinsurance mathematics I. Students after completing the course will be familiar with the statistical notation and way of writing of the mathematical concepts in actuarial statistics. The sole goal is to provide the necessary tools in actuarial statistics to further continue in the actuarial journey.

After having completed the course, you will be ready to jump onto more advanced actuarial concepts as it will be followed in the course "Actuarial Mathematics II". That will come later after the successful completion of the course with a more advanced topics in actuarial science.

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What You Will Learn!

• You will learn the most common mathematical techniques to be used in actuarial calculations.
• You will get to know the different reinsurance products and the mathematical methods to be applied to be calculating their losses.
• You will be involved into the practical numerical examples that are explained with clearly written solutions and justifications.
• You will be exposed to the different types of insurance products that form the products set of the main insurance industry players.

Who Should Attend!

• Those who want to build an actuarial career
• Those who are afraid to approach to a mathematically hard-looking formulas
• Those who are determined to enjoy the actuarial science and financial valuation principles

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