Actuarial Science For Non-Actuaries

Are you fascinated by the world of actuarial science but feel intimidated by the complexity of the field? If so, then our course Actuarial Science For Non-Actuaries is the perfect fit for you. With this course, you'll dive into the world of actuarial science and explore the various models and theories used by actuaries to make predictions about future events.

Our course is designed to be accessible to non-actuaries, so you don't need any prior knowledge or experience to enrol. You'll be guided through the various modules, from an introduction to the field to the principles of premium calculation. You'll learn about life tables, life annuities, and life insurance, as well as stochastic models and probabilistic approaches to insurance and annuities.

At the end of this course, you'll have a solid understanding of the principles and models used by actuaries to make predictions and manage risk. You'll be able to apply this knowledge to your own field, whether it be finance, economics, or another related area. Don't miss this opportunity to expand your knowledge and explore the fascinating world of actuarial science. Enrol in our course today and start your journey towards mastering this complex and rewarding field.

Learning outcomes:

• Understand the principles of actuarial science
• Gain knowledge about the valuation of cash flows and deterministic and stochastic models
• Learn about life tables, life annuities, and life insurance
• Understand the stochastic approach to insurance and annuities
• Gain knowledge about probabilistic models, uncertain payment, and profit testing
• Learn about the principles of premium calculation and multiple decrement theory

What You Get Out Of Studying With Janets

• Free PDF certificate upon successful completion of the course
• Full one-year access to course materials
• Instant assessment results
• Full tutor support available from Monday to Friday
• Study the course at your own pace
• Accessible, informative modules taught by expert instructors
• Get 24/7 help or advice from our email and live chat teams with the course
• Study at your own time through your computer, tablet or mobile device
• Improve your chance of gaining valuable skills by completing the course

Certificate of completion

Digital certificate - Included

Certificate of completion

Hard copy certificate - £15.99

The Actuarial Science For Non-Actuaries is designed to provide individuals with an understanding of the principles and theories used by actuaries to make predictions and manage risk. This course is perfect for individuals who are interested in the field of actuarial science but do not have any prior knowledge or experience.

Through this course, you will gain an understanding of the various models and theories used by actuaries, including the valuation of cash flows, deterministic and stochastic models, and life tables. You will also learn about life annuities, life insurance, and the stochastic approach to insurance and annuities. Additionally, you will gain knowledge about probabilistic models, uncertain payment, profit testing, the principles of premium calculation, and multiple decrement theory.

Course Content

• Module 01: Introduction to Actuary
• Module 02: Actuaries and Their Environment
• Module 03: The Valuation of Cash Flows
• Module 04: The Basic Deterministic Model
• Module 05: The Life Table
• Module 06: Life Annuities
• Module 07: Life Insurance
• Module 08: The Stochastic Life Contingencies Model
• Module 09: The Stochastic Approach to Insurance and Annuities
• Module 10: Taxation and Inflation
• Module 11: Probabilistic Models, Uncertain Payment and Profit testing
• Module 12: Individual Risk Models
• Module 13: Principles of Premium Calculation
• Module 14: Multiple Decrement Theory

Method of Assessment

To complete the course, students will have to take an automated multiple-choice exam for all the courses. These exams will be online and you will need to score 60% or above to pass. After passing the exams, you will be able to apply for the certificates.

This Actuarial Science For Non-Actuaries is ideal for:

• Individuals interested in the field of actuarial science
• Professionals who want to expand their knowledge
• Individuals interested in finance and economics
• Anyone who wants to understand the principles of actuarial science
• Those who want to apply actuarial principles to their work

No prior qualifications are needed for Learners to enrol on this Actuarial Science For Non-Actuaries.

This course will be beneficial for anyone looking to pursue a career as:

• Actuary: £35,000 - £100,000
• Risk Analyst: £25,000 - £60,000
• Financial Analyst: £25,000 - £50,000
• Data Analyst: £25,000 - £45,000
• Economist: £25,000 - £60,000
• Investment Analyst: £25,000 - £55,000

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