The Chinese University of Hong Kong

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STAT 4004 Actuarial Science

Related Textbook(s)/Reference(s):
2 sharing(s) available for this course
Average Rating:

5.50


Anonymous shared this review at 1:43pm 20 August 2012
  • Professor: Ben Chan
  • Language: English & Cantonese
Rating:

1.00

Course Description
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.)
Assessment
mid term(40%)+final(45%)+homework assesssment(10%)
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Anonymous shared this review at 7:48pm 22 January 2013
  • Professor: Ben Chan
  • Language: Cantonese
Rating:

10.00

Course Description
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.
Assessment
assignment 15%, midterm 35%, final 50%
Grading

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