I welcome you all to the module of Actuarial Practice. The aim of this module is to introduce the major areas and issues of actuarial practices, both at the regional and international settings and expose learners to real-world situations and applications of actuarial principles. This will mainly focus on the best practices in the actuarial profession and regulations governing the work of actuaries and the delivery of actuarial services. This module will cover two main parts: standards of actuarial practice and regulation of the actuarial practice. It is worth noting that this module is almost composed of theory lessons and exercises. Theory lessons will consist of self-directed learning and group discussion, called discussion forums. Exercises’ sessions allow the students to ask questions about the theory and help them to integrate the various components of the module.
Learning Outcomes:
At the end of this module, you will be able to:
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understand the best practices in the actuarial profession
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understand the regulations governing the work of actuaries and delivery of actuarial services
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explain the best practices of the actuarial profession in particular contexts
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appropriate contextualization of the actuarial standards of practice.
The four units are divided into an 11-week schedule as described in the module outline.