Area of Study
Business Administration, Business Management, Management, Mathematics, Statistics
Taught In English
ACTL2111 and ACTL2102
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewThis course covers the techniques for deriving the value for pricing and reserving purposes of life insurance risks, including an appreciation of the analysis of change on the examination of the assumptions. Students will use spreadsheets to perform computations and be given exercises that require participation in teams. The course also covers contemporary management issues in life insurance including longevity, premium rating, selection and capital management. This course will cover the requirements for the Actuaries Institute CT5 course and students gaining at least a credit assessment will be recommended for exemption from the CT5 course.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.