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Introduction to Actuarial Science

CPD Accredited | Free PDF & Hard Copy Certificate included | Free Retake Exam | Lifetime Access

Training Express Ltd

Summary

Price
£12 inc VAT
Study method
Online
Duration
3 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Digital certificate - Free
  • Hard copy certificate - Free
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Fun fact about Actuarial Science: Actuaries are often referred to as "financial doctors" because they specialise in assessing and managing financial risks, much like medical doctors diagnose and treat health risks.Our Introduction to Actuarial Science course is your doorway to a thrilling journey into the heart of financial risk analysis. Dive into the fascinating realm of numbers, probabilities, and financial security as you learn the art of predicting and managing uncertainties. With this course, you'll gain a deep understanding of the financial landscape, enabling you to make informed decisions and secure your financial future. Whether you dream of a career in finance, insurance, or risk management, this course will empower you with the knowledge and skills to excel in your chosen field.

Key Features

  • CPD Accredited
  • FREE PDF + Hardcopy certificate
  • Fully online, interactive course
  • Self-paced learning and laptop, tablet and smartphone-friendly
  • 24/7 Learning Assistance
  • Discounts on bulk purchases

Certificates

Digital certificate

Digital certificate - Included

Once you’ve successfully completed your course, you will immediately be sent a FREE digital certificate.

Hard copy certificate

Hard copy certificate - Included

Also, you can have your FREE printed certificate delivered by post (shipping cost £3.99 in the UK).
For all international addresses outside of the United Kingdom, the delivery fee for a hardcopy certificate will be only £10.
Our certifications have no expiry dates, although we do recommend that you renew them every 12 months.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Course Curriculum

  • Module 01 : Introduction to Actuary
  • Module 02 : Actuaries and Their Environment
  • Module 03 : The Valuation of Cash Flows
  • Module 04 : The Basic Deterministic Model
  • Module 05 : The Life Table
  • Module 06 : Life Annuities
  • Module 07 : Life Insurance
  • Module 08 : The Stochastic Life Contingencies Model
  • Module 09 : The Stochastic Approach to Insurance and Annuities
  • Module 10 : Taxation and Inflation
  • Module 11 : Probabilistic Models, Uncertain Payment and Profit Testing
  • Module 12 : Individual Risk Models
  • Module 13 : Principles of Premium Calculation
  • Module 14 : Multiple Decrement Theory

Learning Outcomes:

  • Analyse and predict financial risks with confidence.
  • Master the valuation of cash flows and basic deterministic models.
  • Understand the intricate world of life tables and annuities.
  • Explore the complexities of life insurance and stochastic life contingencies.
  • Navigate tax and inflation issues in the financial realm.
  • Gain proficiency in probabilistic models and principles of premium calculation.

Accreditation

This course is CPD Quality Standards (CPD QS) accredited, providing you with up-to-date skills and knowledge and helping you to become more competent and effective in your chosen field.

Who is this course for?

  • Aspiring actuaries
  • Financial analysts
  • Risk management enthusiasts
  • Insurance professionals
  • Finance and economics students
  • Anyone interested in mastering financial uncertainties

Career path

  • Actuary
  • Financial Analyst
  • Risk Manager
  • Insurance Underwriter
  • Pension Consultant
  • Investment Analyst

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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