Actuarial practice 2

This unit covers some of the subject material required for Actuaries Institute Part II subject on The Actuarial Control Cycle. You are introduced to applications of the Actuarial Control Cycle in a wide range of insurance and related areas, including life insurance, general insurance, health insurance, pension or superannuation funds and investment. This includes the use of data and models in solving actuarial problems. Key concepts are explored in prudent financial management of products, including appropriate management and valuation of capital and liabilities and costs, to provide good insight on solvency and profitability of particular financial and insurance products. You will also learn about applying the control cycle to product design and pricing, as well as monitoring experience and modifying design.