Nanyang Technological University

Nanyang Business School

Nanyang Business School - Undergraduate Programmes

Course Description

BA334 / BA3204 Actuarial Management

Acad Unit: 4
Pre-requisite: AB103/ AB1202 /BU8201 / AB103/ AB1202 /BU8201

Course Description:

The aim of this course is to expose students to the practical aspects of the actuarial management of insurance companies. Through this course students will acquire fundamental knowledge and skills for the management and mitigation of risks associated with the business and for safeguarding the financial health of the company. The course helps students build up basic business sense and puts much emphasis on applying judgment and materiality. The topics include actuarial control cycle, general business environment, risk of financial products and contracts, risk assessment framework, product design, client problems, capital assessment, liability valuation, pricing, investment, performance monitoring, reporting, and experience monitoring.