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Life Contingent Risks (STAT310)

Course description

This course covers the construction of probability models for life contingencies with special reference to life insurance. The basic concepts and tools in survival-time random variables for one life and two lives will be discussed, as well as the specific statistical models such as uniform, constant force of mortality and hyperbolic. Topics also include analysis of life insurance and annuities, properties of their present-value random variables, computation of premiums using the Equivalence P...


Pre-requisites

Seminar Required

Graded, 1.0 Credit Units


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