壽險精算(Life Contingencies)
Fall 2006

Instructor: Jack C. Yue 余清祥
Phone: 2938-7695
email: csyue@nccu.edu.tw Home page http://csyue.nccu.edu.tw
Office Hour: 10:00~12:00 Mondays and Wednesdays,
or by appointments
References:
1. 基礎壽險數學(2002), 余清祥、鄭和憲, 學富文化出版
2. Actuarial Mathematics (1997), Bowers et al., 2nd Edition, Society of Actuaries
3. Life Insurance Mathematics (1995), H. U. Gerber, 2nd Edition, Springer.
4. My handouts and related papers
Course Objective:
The objective of this class is to help you learn about actuarial models of life contingencies (i.e., financial random variables dependent on human life, such as life insurance payments, life annuity payments, pension payments, etc.). We will cover topics such as: survival distributions, life tables, mathematics of life insurance, life annuities, premiums, and reserves. The majority of the materials presented include:
(1) Understand the theory and practice of traditional/non-traditional life insurance and annuity product design.
(2) Understand how to compare and purchase life and annuity product.
Outline:
There are 8 topics for this class and we will spend two weeks for each topic.

Topics
1 Economics of Insurance
2 Survival Analysis and Life Tables
3 Life Insurance
4 Life Annuities
5 Net Premiums
6 Net Premium Reserves
7 Multiple Decrements
8 Multiple Life Insurance

Grading:
There are regularly based homework (including numerical projects), one midterm exam, and one final project. The homework count 30% the midterm 30%, class participation 10%, and the final project 30%.