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# Contingencies I - MAN00051H

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• Department: The York Management School
• Module co-ordinator: Dr. Alexandra Da Costa Dias
• Credit value: 10 credits
• Credit level: H
• Academic year of delivery: 2019-20

## Module summary

The module aims to provide a grounding in the traditional mathematical techniques which can be used to model and value cash flows dependent on death, survival, or other risks.

The module provides further opportunities for students to improve their analytical skills through rigorous mathematical reasoning.

## Professional requirements

Institute and Faculty of Actuaries. Part of Subject CM1: Actuarial Mathematics

## Module will run

Occurrence Teaching cycle
A Autumn Term 2019-20

## Module aims

The module aims to provide a grounding in the traditional mathematical techniques which can be used to model and value cash flows dependent on death, survival, or other risks.

The module provides further opportunities for students to improve their analytical skills through rigorous mathematical reasoning.

## Module learning outcomes

After successful completion the student is able to:

Subject content

• Define and calculate assurance and annuity contracts, and obtain means and variances of present values under such;
• Describe and calculate net premiums and net premium reserves of insurance contracts;
• Describe and calculate gross premiums and reserves of assurance and annuity contracts;

• present analyses of several risks on cash flows in a logical, rigorous, and concise way;
• strict logical reasoning from assumptions to conclusion;
• critically assess assumptions necessary to draw certain conclusions.

## Module content

Introduction to life insurance; Life tables; Insurance benefits and annuities; Premium calculation; Policy values.

## Assessment

Task Length % of module mark
Essay/coursework
Contingencies I Case Study
N/A 15
Online Exam
Contingencies I
N/A 85

None

### Reassessment

Task Length % of module mark
Online Exam
Reassessment Exam
N/A 100

## Module feedback

Students will receive feedback within one week of the hand-in problem sets. The feedback will be handed to students personally and takes the form of comments and suggestions for improvement written on the handed in work.