Mathematics
MA495: Actuarial Mathematics: Life Contingencies II (5 ECTS)
This course introduces some material on Life Contingencies. Topics include Multiple Lives (including Joint Life and the Last Survivor Status), the Z Method, Contingent Probabilities and Assurances, Multiple Decrement Tables, Random Vectors and Distributions.
Taught in Semester(s) 1. Examined in Semester(s) 1.
Workload: 112 hours (24 Lecture hours, 4 Tutorial hours, 84 Self study hours).
Module Learning Outcomes.
On successful completion of this module the learner should be able to:
- Understand the fundamentals in Joint Life and other Statuses, Contingent Functions and Assurances.
- Understand the fundamentals of Multiple Decrement Tables, Random Vectors and Distributions.
- Solve problems involving Multiple Life Statuses and Contingent Probabilities.
- Solve problems involving Multiple Decrement Tables and Joint Distributions.
Indicative Content
This course introduces some material on Life Contingencies. The material covered includes Multiple Life Statuses (including Joint Life and the Last Survivor Status), the Z-method, Contingent Functions and Assurances, Multiple Decrement Tables, Random Vectors and Joint Distributions.
Module Resources
- Life Contingencies by Alastair Neill, Heinemann Publishing Ltd.
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