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 |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
| Explain the concepts of insurance, discounting, compound interest, and their applications in actuarial calculations. |
| Apply life tables, commutation tables, and mathematical reserves to calculate premiums and indemnities. |
| Analyze risk under uncertainty and evaluate current legal regulations related to insurance practices. |