Contingent Payments - ACST882
This unit covers the analysis of cash flows dependent on uncertain events of mortality. Single decrement survival models will be used to evaluate the expected present values of payments under life insurance and annuity contracts, and calculate the premiums of such contracts. The concepts of pricing and reserving for future contingent liabilities are considered, and the methods of calculating required reserves will be discussed along with mortality profit. The ideas will be extended to cover insurance and annuities involving two lives. Profit testing of conventional and unit-linked contracts will also be covered.
| Credit Points: | 4 |
| When Offered: | S2 Day - Session 2, North Ryde, Day |
| Staff Contact(s): | Dr Xian Zhou |
| Prerequisites: | |
| Corequisites: | |
| NCCW(s): | ACST859, ACST860 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Actuarial Studies and Business Analytics Faculty of Business and Economics |
Course structures, including unit offerings, are subject to change.
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