Topics covered in this unit include:<br/>- multiple decrement models;<br/>- valuation of benefits and contributions under superannuation plans;<br/>- pricing and valuation of policies involving two lives;<br/>- cash flow and profit test models for life insurance products including traditional products, unbundled unit linked contracts and disability income products;<br/>- pricing and valuation for future contingent liabilities; and<br/>- the effect of the pricing and valuation basis on the emergence of profit.<br/><br/>Students gaining a grade of credit or higher in both ACST859 and this unit may apply for exemption from subject CT5 of the professional exams of the Institute of Actuaries... -- Course Website
Instructor: Actuarial staff
Prerequisites: ACST859
