Department of Actuarial Studies

ACST255: Contingent Payments 1

Lecturer in charge

Dr Xian Zhou

Availability

D2 - Day; Offered in the second half-year

Unit Outline

Websites

Handbook entry

Coursework unit website - WebCT (Login required)

Description

This unit covers the analysis of cash flows dependent on uncertain events. Single decrement survival models will be used to analyse the present value of payments under life insurance and annuity contracts. The concepts of pricing and reserving for future contingent liabilities are considered.