36 NQF credits at level 9
Course convener: Ms S Ramjee
Entrance requirements: Suitable undergraduate degree with subjects A101 – 103, A201 – 205 & 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.
- 45% average over all class tests and tutorials.
- Demonstrated ability to draw systematically on the body of actuarial knowledge and methods to identify, analyse and address complex and challenging problems within the healthcare context.
- Demonstrated ability to communicate technical actuarial concepts to a range of audiences with different levels of knowledge/expertise. Demonstrated ability to identify and address professional issues in the healthcare context
- Examination 3 hours 50 %
- Class tests and tutorials 50 %
NOTE: No supplementary examinations are offered.
Last updated : 11 Aug 2014