ACTU372:Actuarial Mathematical Models I

This course is an Introduction to life insurance and basic notations, Survival models, Life tables and
Selection, Insurance Benefits, Annuities: life annuities, comparison of annuities,
evaluating annuity functions, Premium calculation: present value of the future loss
random variable, equivalence principle, net premium calculation, percentile premium
principle, Reserves calculations: net and gross reserve, modified reserve, prospective,
retrospective and recursion methods. Thiele’s differential equation and Euler method.
This course introduces the theoretical basics of actuarial models in life insurance and
illustrates the application of these models. In particular, this course will prepare
students for the first part of the life contingencies segments of actuarial professional
examinations (Exam LTAM: Long-Term Actuarial Mathematics).