Contingencies II - MAN00052H
- Department: The York Management School
- Credit value: 10 credits
- Credit level: H
- Academic year of delivery: 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 2022-23 |
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.
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 80 |
| Essay/coursework | 20 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 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