FM 462. Life Office Practice

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Role/tasks of a life office actuary. Appointed Actuary. Asset types and using assets to hedge interest rate risk. Valuation of liabilities. Life office accounts. Policy cash-flows and asset shares. Bonus systems. Capital needs of a life office, solvency and financial strength. Product/contract pricing. Expense analysis. Financial Condition Reports. Valuation of a life office for purchase reinsurance and underwriting.

Main textbook:

The course is based on the annual reports and other materials of Institute of Actuaries and Faculty of Actuaries.

Credit : 2

Instructors:
Assistants: