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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:
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An
introduction to the actuarial profession and professionalism. |
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A
grounding in the techniques of financial mathematics and statistics. |
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The
basic concepts of economics. |
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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)
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RESERVING
TECHNIQUES |
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EXPERIENCE
RATING |
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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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