Course image STA 3233: Principles of Actuarial Models: Life Contingencies (Actuarial Science_Option)
Non category
At the end of this course in combination of the previous courses learners should be able to demonstrate knowledge and understanding of:
- Applying Mathematics and quantitative knowledge commensurate with the rigorous requirements of actuarial science.
- The fundamental concepts, principles and theories of actuarial science.
- Design and development of life assurance and other appropriate products
- The professional, legal and ethical responsibilities of actuarial science
- The environmental and social impact of actuarial science
- Business and management techniques relevant to actuarial science
- Quality and benchmarks in actuarial science
The implementation of regional insurance certification for the EAC states is one of the responses initiated to enhance capacity of insurance practitioners to address challenges of regional economic integration. The insurance sector plays a critical role in financial and economic development in the following ways:
The sector helps pool risk and reduces the impact of large losses on firms and households—with a beneficial impact on output, investment, innovation, and competition.
As financial intermediaries with long investment horizons, life insurance companies contribute to the provision of long-term finance with enhanced effective risk management.