University of Cape Town BUS5018F-Life Insurance

University of Cape Town BUS5018F-Life Insurance

36 NQF credits at level 9
Course convener: Ms S Ramjee
Course entry requirements: Suitable undergraduate degree together with subjects A101-103, A201-205 & A301 of the Actuarial Society or equivalent. Students narrowly failing to meet this requirement (e.g. missing one A2 subject) may be considered on merit, although students meeting the requirements will be given priority.
Course outline:Features of products and markets; tax legislative and statutory controls; major areas of risk; reinsurance underwriting; principles of investment; professional guidance; unit pricing; valuation data and analysing experience; values of liabilities for reserving, solvency, pricing, management accounts; value to shareholders; modelling claim frequency and amount; pricing bases; asset-liability matching.
DP requirements: 45% average over all class tests.
Assessment:

• Examination : 3 hours 50%
• Examination 3 hours 50%
• Class tests 50%

NOTES:Supplementary examinations will not be awarded for this course.Presentation of this course will be subject to sufficient demand and to the availability of suitable resources.