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Information
| Code | ISB560 |
| Name | Actuarial Analysis |
| Term | 2022-2023 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. DENİZ ÜNAL ÖZPALAMUTCU |
Course Goal / Objective
The aim of this course is to comprehend the topics of Finance Mathematics, Annual payments and incomes, Mortality, Life insurance and annual payments, Dividends, Reserves.
Course Content
Financial Mathematics (Compound interest, Present value, Annual payments and revenues (Aniities)); Mortality rate (life expectancy, mortality rate actuarial functions); Life insurances and yearly payments (cash flows based on probability, undue donations, life insurances, accumulated capital through donations); Dividends (premiums) (net premiums, gross premiums); Reserves (Reserves) (Net premium reserves, death rate profit, adjusted reserves)
Course Precondition
None
Resources
Fundamentals of General Insurance Actuarial Analysis
Notes
Fundamentals of General Insurance Actuarial Analysis
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Have in-depth theoretical and practical knowledge about Probability and Statistics |
| LO02 | Make scientific research on Mathematics, Probability and Statistics. |
| LO03 | They have the knowledge to make doctoral plans in the field of statistics. |
| LO04 | Has comprehensive knowledge about analysis and modeling methods used in statistics. |
| LO05 | Comprehensive knowledge of methods used in statistics. |
| LO06 | Indicates statistical problems, develops methods to solve. |
| LO07 | Apply innovative methods to analyze statistical problems. |
| LO08 | Designs and applies the problems faced in the field of analytical modeling and experimental researches. |
| LO09 | Access to information and do research about the source. |
| LO10 | Develops solution approaches in complex situations and takes responsibility. |
| LO11 | It has the confidence to take responsibility. |
| LO12 | He/She demonstrates that he is aware of his / her new and developing practices. |
| LO13 | Transmits the processes and results of their studies clearly in written and oral form in national and international environments. |
| LO14 | It considers the social, scientific and ethical values in the collection, processing, use, interpretation and announcement stages of data and in all professional activities. |
| LO15 | It constantly renews itself in statistics and related fields. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Have in-depth theoretical and practical knowledge about Probability and Statistics | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | They have the knowledge to make doctoral plans in the field of statistics. | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Has comprehensive knowledge about analysis and modeling methods used in statistics. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Has comprehensive knowledge of methods used in statistics. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Make scientific research on Mathematics, Probability and Statistics. | 2 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Indicates statistical problems, develops methods to solve. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Apply innovative methods to analyze statistical problems. | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Designs and applies the problems faced in the field of analytical modeling and experimental researches. | 2 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Access to information and do research about the source. | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Develops solution approaches in complex situations and takes responsibility. | 4 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Has the confidence to take responsibility. | 3 |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | They demonstrate being aware of the new and developing practices. | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | He/She constantly renews himself/herself in statistics and related fields. | 3 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Communicate in Turkish and English verbally and in writing. | 3 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Transmits the processes and results of their studies clearly in written and oral form in national and international environments. | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | It considers the social, scientific and ethical values in the collection, processing, use, interpretation and announcement stages of data and in all professional activities. | 3 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Uses the hardware and software required for statistical applications. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Insurance economy | reading | Öğretim Yöntemleri: Soru-Cevap |
| 2 | Benefit theory | study of the previous week's notes and resources | Öğretim Yöntemleri: Tartışma |
| 3 | Individual Risk Models | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 4 | Approaches for Total Damage Distribution | study of the previous week's notes and resources | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 5 | Survival distributions | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 6 | Survival distributions and life tables | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 7 | Survival functions | study of the previous week's notes and resources | Öğretim Yöntemleri: Tartışma |
| 8 | Mid-Term Exam | exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Sudden mortality rate | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 10 | Life insurances, low-income, n-year payment, deferred insurance | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 11 | Low-return, n-year payment, deferred insurance | study of the previous week's notes and resources | Öğretim Yöntemleri: Soru-Cevap |
| 12 | continuous and discontinuous annuities | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 13 | profit premiums | study of the previous week's notes and resources | Öğretim Yöntemleri: Tartışma |
| 14 | profit reserves | study of the previous week's notes and resources | Öğretim Yöntemleri: Anlatım |
| 15 | profit reserves 2 | study of the previous week's notes and resources | Öğretim Yöntemleri: Tartışma |
| 16 | Term Exams | exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||