University of Cape Town BUS5040S-General Insurance

36 NQF credits at level 9
Postgraduate status. One three-hour seminar per week for the duration of the course.Course convener: Ms S Ramjee
Course entry requirements: Suitable undergraduate degree together with parts 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 the market; tax, legislative and supervisory environment; principles and standards of accounting; major areas of risk and the methods of reinsurance; professional guidance notes; valuation data and analysing experience; values of liabilities for reserving, solvency, pricing, management accounts; value to shareholders; modelling claim frequency and amounts; pricing bases; asset/liability matching.
DP requirements:

45% average over all class tests and tutorials
Assessment:
Examination 3 hours 100%

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.