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Contingencies II - MAN00052H

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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: 2021-22
    • See module specification for other years: 2022-23

Module summary

The module aims to provide a grounding in modern actuarial models, theory and methods of life contingencies.

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 period
A Spring Term 2021-22

Module aims

The module aims to provide a grounding in modern actuarial models, theory and methods of life contingencies.

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 actuarial functions involving two lives and value related cashflows;
  • Value cashflows contingent on multiple events using multiple state models;
  • Project expected future cashflows for various products.

 

Academic and graduate skills

  • 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

Multiple decrement and multiple life models; project expected future casflows for various products.

Assessment

Task Length % of module mark
Essay/coursework
Contingencies II Case Study		 N/A 20
Online Exam -less than 24hrs (Centrally scheduled)
Contingencies 2		 1 hours 80

Special assessment rules

None

Reassessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Contingencies II Closed exam		 1.5 hours 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.

Indicative reading

Dickson, D.C.M., Hardy, M., and Waters, H.R. (2013). Actuarial mathematics for life contingent risks. 2nd edition. Cambridge, UK : Cambridge University Press


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.