36 NQF credits at HEQSF level 9
Convener: P Botha
Course entry requirements: Suitable undergraduate degree together with parts subjects A101 – 103, A201 – 205 and A301 of the Actuarial Society or equivalent. Students narrowly failing to meet this requirement (e.g. missing one A2 subject) may be considered on merit, although students meeting the requirements will be given priority.
Course outline: Features of products and the market; tax, legislative and supervisory environment; principles and standards of accounting; major areas of risk and the methods of reinsurance; professional guidance notes; valuation data and analysing experience; values of liabilities for reserving, solvency, pricing, management accounts; value to shareholders; modelling claim frequency and amounts; pricing bases; asset/liability matching.
DP requirements: 45% average over all class tests and tutorials
Assessment: Examination (3 hours) 50%, Class Tests 50%
Last updated : 20 Nov 2018