| Module code | LEW 700 |
| Qualification | Postgraduate |
| Faculty | Faculty of Natural and Agricultural Sciences |
| Module content | The following aspects of the operation of a life insurance company are covered: General business environment; products offered; asset shares for life insurance contracts; with-profits surplus distribution; actuarial funding; models; setting of assumptions; aspects of products design; alterations to contracts; development and maintenance; investment; risk management procedures including reinsurance and underwriting; cost of guarantees; policy data checks; capital management and the actuarial control cycle. Modelling and monitoring policy cashflows for purposes of pricing, profit analysis, statutory valuation reserves and ongoing solvency. |
| Module credits | 40.00 |
| Programmes | |
| Prerequisites | No prerequisites. |
| Contact time | 2 lectures per week, 2 practicals per week |
| Language of tuition | Module is presented in English |
| Department | Actuarial Science |
| Period of presentation | Semester 2 |
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