Actuarial Mathematic Models - KSU

Introduction to life insurance and basic notations, Survival models, Life tables and Selection, Insurance Benefits, Annuities: life annuities, comparison of annuities, evaluating annuity functions, Premium calculation: present value of the future loss random variable, equivalence principle, Gross premium calculation, Profit, portfolio percentile premium principle, extra risks, Policy values: Policies with annual cash flows, cash flows at discrete intervals, continuous cash flows, policy alterations, retrospective policy value, negative policy values.