1.0: COURSE PURPOSE
This course is intended to equip the learners with the mathematics necessary to study Actuarial science. The student will be exposed to data collection methods and mathematics as applied to mortality.
2.0 Learning outcomes
At the end of the course the learner should be able to:
a) Collect suitable data for examining past experience.
b) Calculate exposed to risk and derive crude decrement rates.
c) Monitor actual values and expected values and apply them to calculate the risk of a given outcome.
d) Describe mortality variation with respect to social economic and regional factors.
e) Explain the main standard mortality tables and classify risks.
f) Differentiate between different methods of graduation and their applications in solving problems related to risk.
g) Apply standard and adjusted mortality tables in solving problems dealing with mortality risk and in insurance underwriting.