مادة دراسية
Actuarial Mathematical Models II
Actuarial Mathematical models II
- Multiple Decrement Models: Theory
- Multiple Decrement Table
- Forces of Decrement
- Associated Single Decrement
- Discrete Jumps
- Multiple Decrement Models: Applications
- Calculating Actuarial Present Values of Cash Flows
- Calculating Reserve and Profit
- Cash Values
- Calculating Asset Shares under Multiple Decrement
- Multiple State Models
- Discrete-time Markov Chain
- Continuous-time Markov Chain
- Kolmogorov’s Forward Equations
- Calculating Actuarial Present Value of Cash Flows
- Calculating Reserves
- Multiple Life Functions
- Multiple Life Statuses
- Insurances and Annuities
- Dependent Life Models
- Interest Rate Risk
- Yield Curves
- Interest Rate Scenario Models
- Diversifiable and Non-Diversifiable Risks
- Profit Testing
- Profit Vector and Profit Signature
- Profit Measures
- Using Profit Test to Compute Premiums and Reserves
- Universal Life Insurance
- Basic Policy Design
- Cost of Insurance and Surrender Value
- Other Policy Features
- Projecting Account Values
- Profit Testing
- Asset Shares for Universal Life Policies
- Participating Insurance
- Dividends
- Bonuses
TEXT BOOK: ACTEX MLC Study Manual Fall 2017, Volume II, by: Johnny Li, Ph.D., FSA, Andrew Ng, Ph.D., FSA.