Module Directory

 

Module Description

 
 
Module Name
Module Code
Lecture Hrs
Practical Hrs
Credits
Life Contingencies
STAT6020Y
3
0
6

Description
Factors Affecting Mortality. Survival Models. Survival Functions. Survival Tables. Single Decrement Functions and Inter-Relationships. Hazard Rate Functions Due To Gompertz and Makeham. Cash Flows under Financial Contracts Dependent On Death Or Survival. Equations of Value for Given Contingent Payment Streams. Cash Flows. Equations of Value for Net and Office Premiums. Reserves and Calculation of Policy. Expected and Actual Death Strain. Mortality Profit. Paid-Up Policy Values. Emergence of Profit from a Contract. Choice of Pricing and Reserving Bases. Joint Life Functions. Multiple State Models. Multiple Decrement Models and Multiple Decrement Tables. Pension Scheme Benefits. Cash-Flow Modeling and Profit Testing.
Faculty Department
FACULTY OF SOCIAL SCIENCES AND HUMANITIES Department of Economics and Statistics
Contact Details
Administrative assistant: DILMAHOMED BOCUS Bibi Swaleha
Telephone: 4037400
Email: s.dilmahomed@uom.ac.mu
 

 

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