Principles of Actuarial Modelling
4.4 (18 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
150 students enrolled

Principles of Actuarial Modelling

By MJ the Fellow Actuary
4.4 (18 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
150 students enrolled
Created by Michael Jordan
Last updated 3/2020
English
English [Auto-generated]
Current price: $12.99 Original price: $19.99 Discount: 35% off
1 day left at this price!
30-Day Money-Back Guarantee
This course includes
  • 1 hour on-demand video
  • 1 article
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • We will discuss what a model is and why actuaries make them. We will look at their components and discuss their limitations. We will also compare the stochastic model to the deterministic model and determine how to choose between them. We will also consider stress testing, scenario analysis and sensitivity testing before looking at Time Horizons and communication.
Requirements
  • Yes: Introduction to the Actuarial Exams
Description

This is a theoretical course for the Actuarial Exams.

The course answers the following questions

  • What is a model and why do Actuaries make them?

  • What are the components of a model?

  • What are the limitations of models?

  • Deterministic vs Stochastic: Whats the difference?

  • What is the Time Horizon?

  • What is Stress Testing?

  • What is Scenario Analysis?

  • What is Sensitivity Testing?

  • How do we communicate a Model's results?

Actuarial Exams:

  • Almost all actuarial subjects involve models and so this subject is appropriate for them all.

Who this course is for:
  • Actuarial Students who want to write the profession's exams.
Course content
Expand 9 lectures 45:21
+ Introduction
9 lectures 45:21
Components of an Actuarial Model
09:17
Limitations of Models
03:26
Deterministic vs Stochastic Models
03:52
Time Horizons
03:14
Model Analysis (Stress, Sensitivity, Scenario Analysis)
09:25
Communicating Model Results
05:34
Resources: Slides and Notes
00:01