By the end of the program, participants will be able to:
· Understand and apply the whole process of pricing individual life insurance contracts.
· Calculate the mathematical reserves.
· Interpret and determine the key elements introduced by IFRS 17 to the mathematical reserve.
· Gain a comprehensive understanding of the pricing framework for individual life insurance contracts.
· Develop the ability to calculate net premiums and mathematical reserves using actuarial models.
· Understand how IFRS 17 impacts the valuation of life insurance liabilities.
· Apply life insurance mathematics to real-world scenarios and product design.
Certificate Chapters
Chapter 1: Introduction
Chapter 2: Mathematics of Compound Interest
Chapter 3: Life Tables
Chapter 4: Life Insurance Benefits
Chapter 5: Life Annuities
Chapter 6: Premium Calculation
Chapter 7: Mathematical Reserve