Welcome to Actuarial Mathematics II. This module will build upon Actuarial Maths I from last semester. We will focus on the mathematics that underpins much life assurance and pensions business. The module will use industry examples and applications to illustrate the mathematical concepts being introduced.
Lectures are at 10am on Mondays and midday Wednesday with a tutorial at 12 noon Tuesday. There will be weekly coursework usually set each Wednesday and due in the following week.
We begin at 10am on Monday 20th January in Engineering 2.09
Week 1: Module Introduction; Expenses in Life Assurance; Gross Loss Variable
Week 2: Gross Premiums and Reserves; Joint Life Functions
Week 3: Joint Life and Last Survivor contracts
Week 4: Contingent Assurances
Week 5: Health Insurance and Multiple Transitions
Week 6: Multiple Decrements
Week 7: Reading Week
Week 8: Valuing Pension Fund Benefits
Week 9: Projected Cashflow Techniques
Week 10: PROFIT TESTS
Week 11: MORTALITY AND SELECTION
REVISION (week 12)
EXAMINATION PAST PAPERS
For this module, we will be using the tables that are published in the IFoA's "orange book". Appropriate extracts will be available for download and use on QM+ (reproduced by kind permission of the Institute and Faculty of Actuaries).
Copies of the book can also be found in the QMUL library.