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ACTUARIAL SCIENCE AND INSURANCE OPERATIONS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
BNS453 ACTUARIAL SCIENCE AND INSURANCE OPERATIONS 7 3 3 8

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 - Definition, History, Terminology, and Characteristics of Insurance and Insurance Practices -
2 - Simple and Compound Discount Transactions and Applications -
3 - Simple and Compound Discount Transactions and Applications -
4 - Compound Interest Theory and Its Application in Insurance -
5 - Introduction to Life Tables: Definition, Types, and Elements -
6 - Claim Payments I -
7 - Claim Payments II -
8 - Claim Payments III -
9 - Characteristics of Life Tables, Their Use in Health Insurance, and Construction of Tables -
10 - MID-TERM EXAM -
11 - Commutation Tables and Their Construction -
12 - Mathematical Reserves -
13 - Premium and Indemnity Calculations in Capital, Life, and Annuity Insurance -
14 - Current Legal Regulations Related to Insurance -
15 - - -
16 - FINAL EXAM -
17 - FINAL EXAM -