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The Chinese University of Hong Kong
This course covers the basic principles of life contingencies, which is a science for life insurance. Topics include life tables, annuities, assurances, net and gross premiums, reserve, and multiple life theory. (Not for students who have taken or register concurrently for FINA3220.)
mid term(40%)+final(45%)+homework assesssment(10%)
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This course deals with the calculations of the premiums of various basic life insurance products. Since the premiums are the expected present values of some future payments, the calculations depend on the occurrence of some random events and interest earned till the events occurred. Theories of interest and probability are essential in this course. We will discuss measurements of interest, survival probability and life table, introduction of basic insurance plans, life annuities and level premium in this course.
assignment 15%, midterm 35%, final 50%
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