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Actuary and Individual Risk Models

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£15 inc VAT
Study method
Online, self-paced
7 hours
Access to content
Lifetime access
No formal qualification
10 CPD hours / points
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Embark on a thrilling journey into the world of actuarial science with our course on "Actuary and Individual Risk Models." Dive into the intricate world of risk assessment, master the valuation of cash flows, and explore the principles of premium calculation. Become a skilled actuary and unlock a world of opportunities in the realm of financial risk management.

Learning Outcomes:

  • Develop a comprehensive understanding of actuarial principles and their applications in managing financial risks as an actuary.
  • Explore the valuation of cash flows and learn techniques to assess and mitigate financial risks.
  • Master the stochastic approach to insurance and annuities, utilising actuary-specific calculations to make accurate projections.
  • Understand the principles of premium calculation, enabling you to determine fair and accurate insurance premiums based on actuary analysis.
  • Dive into individual risk models and learn how to analyse and evaluate risks on an individual basis.
  • Acquire knowledge of multiple decrement theory, enhancing your ability to assess actuary risks in complex scenarios.


10 CPD hours / points
Accredited by CPD Quality Standards

Course media


Are you interested in actuary? If so, you've come to the right place! Our Actuary and Individual Risk Models course will teach you everything you need to know about the actuary.

In this Actuary and Individual Risk Models course, you'll learn about the different types of actuaries, the skills and knowledge you need to be a successful actuary, and how to pass the actuarial exams. You'll also learn about the professional ethics of actuaries and how to ensure quality in your work.

By the end of the course, you'll possess the knowledge and skills to navigate complex risk scenarios and make informed decisions. Whether you're a finance professional looking to specialise in actuarial science or an aspiring actuary seeking to enhance the understanding of actuary, this course is your gateway to unlocking new opportunities.

Who is this course for?

  • Aspiring actuaries eager to gain a comprehensive understanding of actuarial principles and risk assessment.
  • Finance professionals seeking to specialise in actuarial science and enhance their career prospects.
  • Risk managers and analysts looking to expand their knowledge in individual risk modelling.
  • Mathematics and statistics enthusiasts interested in applying their skills to financial risk assessment.
  • Anyone intrigued by the fascinating world of actuarial science and its applications in risk management.

Career path

  • Actuary: £40,000-£80,000
  • Risk Analyst: £30,000-£60,000
  • Financial Planner: £35,000-£70,000
  • Insurance Underwriter: £25,000-£55,000
  • Data Analyst: £30,000-£60,000

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.


Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.


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What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.