This course introduces the fundamental mathematical and statistical techniques essential in actuarial science, with an emphasis on life-contingent risks and financial processes. Topics include valuing certain and uncertain cash flows, modeling state transitions, constructing and interpreting life tables, and applying survival models. Students will develop both theoretical understanding and practical skills in evaluating present and accumulated values, calculating premiums, and estimating expected cash flows for financial products such as life insurance and pensions.
The course also emphasizes the integration of demographic and financial data to model uncertainties effectively, preparing students to analyze and solve problems involving mortality, longevity, and time-dependent cash flows using actuarial principles and computational tools
- Teacher: Jayrold Arcede