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Supplementary examinations will not be awarded for this course. Presentation of this course will be subject to sufficient demand and to the availability of suitable resources. 

36 NQF credits at HEQSF level 9 

Convener: P Botha  

Course entry requirements: Suitable undergraduate degree with subjects A101 – 103, A201 – 205 and A301 of the Actuarial Society or equivalents. 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: 

Describe and understand the main type of contracts, various stakeholders in health and care, product design, understand the operating environment, role of the State in provision, pricing of products, understand the nature of risks and the use of reinsurance, other risk management tools, modelling techniques, valuation and reserving and supervisory reporting. The aim of the course is to instil in successful candidates the ability to apply in a range of situations, the principles of actuarial planning and control in health and care matters on sound financial lines. 

DP requirements: 45% average over all class tests and tutorials. 

Assessment: Examination (3 hours) 50 %, Class tests 50 %

Last updated : 20 Nov 2018

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