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Syllabus
Details
Actuarial science is an applied science based on generally
accepted concepts and observations extracted
from the experience of practitioners
. The primary focus of actuarial work is on the financial and
economic
consequences of events involving risk and uncertainty.
The objective of the program is to give participants:
| | An
introduction to the actuarial profession and professionalism. |
| | A
grounding in the techniques of financial mathematics and statistics. |
| | The
basic concepts of economics. | |
| An
introduction to actuarial mathematics with particular relevance to insurance,
social security and
pension funds. | SYLLABUS
The program
consists of an introductory one month residential actuarial courses phase, followed
by a 9-
month distance learning phase during which participants work
on provided assignments and prepare for
another 3-week residential review
and examinations phase. Successful participants will receive a
Diploma
in Actuarial Science issued jointly by The Muhanna Foundation and the UK Institute
of
Actuaries. - STATISTICAL
MODELLING (covers 100% of 101 of IoA)
- FINANCIAL
MATHEMATICS (covers 100% of 102 of IoA)
- SURVIVAL
MODELS (covers 50% of 104 of IoA)
- ACTUARIAL
MATHEMATICS 1 (covers
65% of 105 of IoA)
- ACTUARIAL
MATHEMATICS 2 (covers 65% of 106 of IoA)
- PROFESSIONALISM
EXTRA
CURRICULUM WORKSHOPS (Included In The Program)
| RESERVING
TECHNIQUES | | EXPERIENCE
RATING | | PENSION
& SOCIAL INSURANCE ACTUARIAL VALUATION | INTRODUCTORY
MATHEMATICS SESSION (Optional) A
review course (of an intensive nature) has been developed especially for all students
to refresh or upgrade their basic mathematics abilities before participating
in the actuarial
program. This session will run for the first week of
the Actuarial Program, and will cover the following chapters in 35 hours:
- MATHEMATICAL CONSTANTS
& STANDARD FUNCTIONS
- ALGEBRA
- DIFFERENTIATION
- INTEGRATION
- NUMERICAL
METHODS
- VECTORS
& MATRICES
- SET
THEORY & PROBABILITY
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