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The World of Actuaries

CPD Accredited ! Free Certification | FREE Retake Exam | Lifetime Access | No Hidden Fees


Online Training Academy

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
2.5 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • Digital certificate - Free
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Uncover the secrets behind financial foresight in our captivating Actuarial Science course. Navigate through the intricate world of financial risk assessment and valuation with a curriculum meticulously designed to empower you with the skills demanded in today's dynamic financial landscape. Delve into the realm of cash flow valuation and deterministic models, gaining insights into the backbone of financial decision-making. Explore life tables, annuities, and insurance, mastering the stochastic approach to contingencies. Confront challenges posed by taxation and inflation, unravel probabilistic models, and refine individual risk assessment. Embrace the principles of premium calculation and delve into the intricacies of multiple decrement theory.

Key Features:

  • CPD Certified
  • Free Certificate from Reed
  • CIQ Approved
  • Developed by Specialist
  • Lifetime Access

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

1
section
15
lectures
2h 32m
total
    • 1: Module 1: Introduction to Actuary 12:29
    • 2: Module 2: Actuaries and Their Environment 14:21
    • 3: Module 3: The Valuation of Cash Flows 11:39
    • 4: Module 4: The Basic Deterministic Model 10:50
    • 5: Module 5: The Life Table 10:37
    • 6: Module 6: Life Annuities 13:35
    • 7: Module 7: Life Insurance 12:16
    • 8: Module 8: The Stochastic Life Contingencies Model 10:46
    • 9: Module 9: The Stochastic Approach to Insurance and Annuities 10:47
    • 10: Module 10: Taxation and Inflation 07:58
    • 11: Module 11: Probabilistic Models, Uncertain Payment and Profit Testing 07:58
    • 12: Module 12: Individual Risk Models 07:11
    • 13: Module 13: Principles of Premium Calculation 10:22
    • 14: Module 14: Multiple Decrement Theory 09:24
    • 15: CPD Certificate - Free 01:00 PDF

Course media

Description

In this riveting exploration, discover the art of individual risk models and the principles of premium calculation. Craft a profound understanding of multiple decrement theory, equipping yourself with indispensable knowledge for navigating the complexities of financial landscapes. Elevate your financial acumen with this comprehensive exploration of actuarial science, where each module unravels a layer of strategic financial insight.

Course Curriculum

  • Module 1: Introduction to Actuary
  • Module 2: Actuaries and Their Environment
  • Module 3: The Valuation of Cash Flows
  • Module 4: The Basic Deterministic Model
  • Module 5: The Life Table
  • Module 6: Life Annuities
  • Module 7: Life Insurance
  • Module 8: The Stochastic Life Contingencies Model
  • Module 9: 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

Learning Outcomes:

  • Analyze and value cash flows with precision for strategic decision-making.
  • Master the stochastic life contingencies model for advanced risk assessment.
  • Apply principles of premium calculation to craft financially sound strategies.
  • Develop a deep understanding of taxation and inflation in financial scenarios.
  • Navigate uncertainties with individual risk models for robust financial planning.
  • Acquire expertise in multiple decrement theory for comprehensive risk management.

Who is this course for?

  • Financial Analysts seeking advanced risk assessment skills.
  • Actuarial Enthusiasts eager to delve into stochastic life contingencies models.
  • Strategic Planners aiming to apply premium calculation principles effectively.
  • Financial Managers wanting to master taxation and inflation dynamics.
  • Risk Management Professionals looking to enhance individual risk modeling skills.

Career path

  • Financial Analyst
  • Risk Manager
  • Actuarial Consultant
  • Investment Strategist
  • Insurance Analyst
  • Pension Fund Manager

Questions and answers

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Certificates

Digital certificate

Digital certificate - Included

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

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FAQs

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.

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.

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.

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.