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Life assurance 700


 
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
NQF Level 08
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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