Introduction to Actuarial Science I

Description

Concepts of risk: insurable, non-insurable. Types of risk: life, non-life; short and long term. Life insurance contracts: general principles: traditional insurance, universal insurance; annuities; selection; examples. Non-life insurance contracts: general principles; auto, home, liability insurance; classification; examples. Health insurance contracts: general principles; private insurance; selection; examples. Concepts of reinsurance: purpose; types of contracts; examples.