Preparation and testing of graduations of mortality tables; graduation by the moving-weighted average, graphic, Whittaker, Bayesian parametric and smooth-junction interpolation methods; use of statistical methods for graduation.
Economics of Insurance. Nature of General Insurance. Legislation of Insurance Companies.Documentation and date collection.
Risk premium, expenses and office premium. Experience rating, reinsurance, technical reserves, solvency and analyses of profit.
The Structure of pension schemes and their problems – retirement benefits, invalidity and survivor’s benefits. Pensioners and social assistance benefits.
Financing pension systems (Defined Benefits and Defined Contributions). Valuation of the pension schemes.
Conventional and adjusted measures of mortality, measures of fertility, measures of morbidity. Demographic characteristics and trends of selected countries.
Evaluation of demographic data. Projections for stable and stationary populations. Actuarial applications of demographic characteristics and trends.
Distributions useful for modeling insurance loss random variables. Approximations for and estimations of these loss distributions. Point and interval estimation, and test of statistical hypotheses.
Introduction to credibility theory, experience rating and claim reserving. Bayesian inferential techniques. Stochastic simulation and computational techniques.