| Week 1: Revision of Actuarial Mathematics I |
 Introduction to Actuarial Mathematics II |
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Lecture notes for Thursday's class - Revision 1 from MTH5124 |
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Lecture Notes for Friday's class - Revision 2 from MTH5124 |
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 Constructing the Standard Ultimate Survival Life Table - part 1 |
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| Module Description |
Annuities Certain |
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Life Annuities |
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Life Insurance Benefits |
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IFoA Formulae and Tables (including AM92) |
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Standard Ultimate Survival Table (used in DHW) |
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| Module Evaluations Feedback 2023-24 |
Feedback on Module Evaluations |
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| Syllabus |
AM92 Mortality Table |
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| Assessment |
AM92 Mortality Table |
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Exam Formula Sheet |
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| Past exam papers |
Exam Summer 2023 |
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Exam Summer 2023 Solutions |
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Exam Summer 2022 |
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Exam Solution May 2022 |
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Exam 2019 |
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Exam 2019 Solutions |
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MTH5125 Late Summer Examination 2023 |
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MTH5125 LSR Solutions 2023 |
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| Online Reading List |
Introduction to Actuarial Maths II |
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Revision: Survival models |
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Revision: Life tables |
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Revision: Insurance benefits |
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Revision: Annuities |
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 Recording Jan 23 - passcode: Pi3^wj#x |
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AM92 Mortality Table |
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IFoA actuarial tables |
Reproduced by kind permission of the
Institute & Faculty of Actuaries.
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Standard Life Tables (from DHW) |
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Recording for Jan. 25 - passcode: 3r5Oy5^z |
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| Week 2 - Premiums |
Lecture Notes - Premiums |
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The Actuary: Micro insurance in Zimbabwe |
Example on designing micro insurance in Zimbabwe by Tawanda Chituku |
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Practice Set 1 |
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Construction of the Standard Ultimate Survival Life Table - part 2 |
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| Week 3 - Reserves |
Week 3 - Lecture notes: Reserves |
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Practice Set 2 |
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The Actuary: Re-examining capital management actions |
Very interesting article on actions taken by life insurers both before and during the COVID-19 crisis. |
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Feedback: Recap with Exercises |
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| Week 4 -Retrospective Policy Values |
Lecture 3: Reserves Part 2 |
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Excel Exercises Reserves |
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Algorithm for the excel file 6.3 |
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Excel Practice Set 1, question 6.3 |
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Practice Set 1 Solutions |
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Practice Set 2 Solutions |
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Excel Practice 2 question 7.8 |
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Formulae |
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| Week 5 - Mortality Profit and Two Lives |
Lecture notes 4: Mortality profit |
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Lecture 5: Joint Life and Last Survivor Benefits |
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Practice Set 3 Solutions |
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Practice Set 3 |
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Q1 Excel Reserves |
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Q2 Excel Reserves |
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Q1 Excel - Gross random loss at issue |
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| Week 6 - Joint Life Part 2 |
Practice Set 4: Joint Life |
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LTAM Ultimate Mortality Table (used in DHW) |
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IFoA Actuarial Tables (including AM92, PMA92, PFA92) |
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Basic Probability Rules |
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Joint Life and Last Survivor Formulae |
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Class example |
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Whole life annuity with m-thly payments (Reminder) |
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| 1st assessed coursework due Friday 15th March |
Assessment 1: questions and instructions |
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Excel File Solution |
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Assessment 1 Solutions |
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| Week 7 - Lecture only on Friday - revision of what we have done so far |
Practice Set |
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| Week 8 - Multiple States |
Lecture Notes: Multiple States |
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Practice Set 5 |
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Practice Set 5 Solutions |
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| Week 9 - Multiple States: Reserves |
Multiple States Formulae |
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Multiple States: Reserves |
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Excel exercise: Multiple States Reserves |
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| Week 10 -Multiple decrements models |
Multiple Decrement models |
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| 2nd assessed coursework - due Thursday, April 11 |
Coursework task and instructions |
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Assessment 2 - initial calculations |
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Detailed marking scheme |
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Example for tau=6 |
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| Week 11 - Pension Models |
Simple Multiple Decrement example |
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Pension Models |
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Cash flow analysis - profit testing |
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Projected Cash Flow: Equity-linked insurance |
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Profit Signature Example |
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| Week 12: Revision |
Revision 1 |
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Revision 2 |
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