Association of Insurance Agents and Brokers

Actuary Qualification

The complete actuarial programme in one course: 11 modules, 127 lessons, module exams and a final exam.

127 lessons 31 h 37 min Tests: 127 12 final tests Access: 12 mo. Certificate
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About the course

The qualification brings together the entire ASAB actuarial programme, from the fundamentals of actuarial mathematics to regulation and financial reporting. Each module is a full course of the programme with video lessons, lesson notes, lesson tests and a module exam. The qualification ends with a final exam.

Total video length: 31 h 37 min, 127 lessons.

  • Module 1. Fundamentals of Actuarial Mathematics and the Language of Formulas
  • Module 2. Theory of Interest Rates and Stochastic Processes in Life Insurance
  • Module 3. Actuarial Principles and Their Applications
  • Module 4. Actuarial Models in General Insurance
  • Module 5. General Insurance and Reinsurance: Pricing, Reserves, Reinsurance Programmes
  • Module 6. Actuarial Models and Pricing in Life Insurance
  • Module 7. Valuation of Reserves and Capital Requirements in Life Insurance, Group and Health Insurance
  • Module 8. Actuarial Methods for Valuing Pension and Social Security Schemes
  • Module 9. Macroeconomic Forecasting of Actuarial Valuation Parameters Using Econometric Modelling
  • Module 10. Insurance Companies and Pension Funds: Financing and Investment
  • Module 11. Government Regulation and Financial Reporting in Insurance

Course program

  1. 1.1 Lesson 1. How to read actuarial mathematics test free 15 min
  2. 1.2 Lesson 2. Indices, time, powers and logarithms test 15 min
  3. 1.3 Lesson 3. Functions, graphs, sums and series test 14 min
  4. 1.4 Lesson 4. Interest rates and financial mathematics test 15 min
  5. 1.5 Lesson 5. Derivatives and integrals without formalism test 15 min
  6. 1.6 Lesson 6. Probability and random variables test 15 min
  7. 1.7 Lesson 7. Distributions and the survival function test 15 min
  8. 1.8 Lesson 8. The life table test 14 min
  9. 1.9 Lesson 9. Frequency, severity and aggregate loss test 14 min
  10. 1.10 Lesson 10. Matrices, modelling and the Monte Carlo method test 15 min
  11. 1.11 Lesson 11. Professional judgement, standards and diagnostics test 16 min
  12. 1.12 Module exam test
  1. 2.1 Lesson 1. Interest rates and the equation of value test 15 min
  2. 2.2 Lesson 2. Financial annuities test 15 min
  3. 2.3 Lesson 3. Loans and repayment schedules test 14 min
  4. 2.4 Lesson 4. Debt securities, yield, duration and convexity test 16 min
  5. 2.5 Lesson 5. Survival models and life tables test 15 min
  6. 2.6 Lesson 6. Life annuities test 14 min
  7. 2.7 Lesson 7. Single-life insurance test 16 min
  8. 2.8 Lesson 8. Joint insurance on several lives test 14 min
  9. 2.9 Lesson 9. Pension mathematics: basic level test 14 min
  10. 2.10 Module exam test
  1. 3.1 Lesson 1. Practical application of interest theory test 16 min
  2. 3.2 Lesson 2. Actuarial valuation of life annuities test 15 min
  3. 3.3 Lesson 3. Life insurance product development and underwriting fundamentals test 15 min
  4. 3.4 Lesson 4. Reserves and minimum capital in life insurance test 16 min
  5. 3.5 Lesson 5. Life insurance profitability analysis test 14 min
  6. 3.6 Lesson 6. General insurance: products, rates and reserves test 15 min
  7. 3.7 Lesson 7. Group life and disability insurance test 16 min
  8. 3.8 Lesson 8. Health insurance: fundamentals of actuarial valuation test 15 min
  9. 3.9 Lesson 9. Reinsurance test 15 min
  10. 3.10 Lesson 10. Pension schemes and social security test 15 min
  11. 3.11 Lesson 11. Insurance economics test 15 min
  12. 3.12 Lesson 12. Fundamentals of investment management test 14 min
  13. 3.13 Module exam test
  1. 4.1 Lesson 1. Utility theory and insurance economics test 15 min
  2. 4.2 Lesson 2. Individual risk model test 15 min
  3. 4.3 Lesson 3. Collective risk model test 14 min
  4. 4.4 Lesson 4. Claim frequency and severity models test 15 min
  5. 4.5 Lesson 5. Parameter estimation and model selection test 16 min
  6. 4.6 Lesson 6. Credibility theory test 14 min
  7. 4.7 Lesson 7. Bayesian models and conjugate distributions test 17 min
  8. 4.8 Lesson 8. Coverage modifications: deductibles, limits, inflation test 15 min
  9. 4.9 Lesson 9. Simulation and model validation test 16 min
  10. 4.10 Module exam test
  1. 5.1 Lesson 1. Data and exposure bases in ratemaking test 15 min
  2. 5.2 Lesson 2. The fundamental insurance equation test 15 min
  3. 5.3 Lesson 3. Trends, loss development and premium at current rate level test 15 min
  4. 5.4 Lesson 4. Risk classification and rate differentiation test 15 min
  5. 5.5 Lesson 5. Generalised linear models for ratemaking test 16 min
  6. 5.6 Lesson 6. Data structure for reserving test 15 min
  7. 5.7 Lesson 7. Loss development method (Chain-Ladder) test 15 min
  8. 5.8 Lesson 8. Expected loss ratio method and Bornhuetter–Ferguson method test 15 min
  9. 5.9 Lesson 9. Frequency-severity method and special reserving methods test 15 min
  10. 5.10 Lesson 10. Reserve uncertainty and ranges test 16 min
  11. 5.11 Lesson 11. Types of reinsurance and cash flow calculation test 15 min
  12. 5.12 Lesson 12. Designing a reinsurance programme test 15 min
  13. 5.13 Lesson 13. Comprehensive computer case study test 14 min
  14. 5.14 Module exam test
  1. 6.1 Lesson 1. The life insurance market and product architecture test 15 min
  2. 6.2 Lesson 2. Underwriting and mortality and morbidity factors test 15 min
  3. 6.3 Lesson 3. Model points and cash flow projection test 14 min
  4. 6.4 Lesson 4. Actuarial assumptions test 15 min
  5. 6.5 Lesson 5. Pricing strategies and methods test 16 min
  6. 6.6 Lesson 6. Expenses, commissions and new business strain test 15 min
  7. 6.7 Lesson 7. Profitability analysis and testing test 14 min
  8. 6.8 Lesson 8. Taxation and regulatory constraints test 15 min
  9. 6.9 Lesson 9. Construction and graduation of mortality tables test 15 min
  10. 6.10 Lesson 10. Multiple decrements and competing risks test 14 min
  11. 6.11 Lesson 11. Comprehensive pricing case study test 15 min
  12. 6.12 Module exam test
  1. 7.1 Lesson 1. Reserve Valuation Methods in Life Insurance test 14 min
  2. 7.2 Lesson 2. Reserving for Options and Guarantees test 14 min
  3. 7.3 Lesson 3. Capital Requirements and Risk Profile test 14 min
  4. 7.4 Lesson 4. Asset-Liability Management test 14 min
  5. 7.5 Lesson 5. Solvency and Capital Adequacy test 16 min
  6. 7.6 Lesson 6. With-Profits Contracts and Profit Distribution test 15 min
  7. 7.7 Lesson 7. Financial Reporting and IFRS 17 Insurance Contracts: An Introduction test 14 min
  8. 7.8 Lesson 8. Experience Analysis and Updating Assumptions test 15 min
  9. 7.9 Lesson 9. Group Life and Disability Insurance test 16 min
  10. 7.10 Lesson 10. Health Insurance: Underwriting and Pricing test 14 min
  11. 7.11 Lesson 11. Health Claims Reserving test 14 min
  12. 7.12 Lesson 12. Life and Health Reinsurance test 14 min
  13. 7.13 Lesson 13. Professionalism, Data Quality and Actuarial Communication test 15 min
  14. 7.14 Module exam test
  1. 8.1 Lesson 1. Architecture of Pension Systems test 15 min
  2. 8.2 Lesson 2. Design of Defined Benefit Schemes test 14 min
  3. 8.3 Lesson 3. Defined Contribution Schemes test 14 min
  4. 8.4 Lesson 4. Data and Actuarial Assumptions for Pension Valuation test 14 min
  5. 8.5 Lesson 5. Funding Methods for Defined Benefit Schemes test 16 min
  6. 8.6 Lesson 6. Stages of a Pension Scheme Actuarial Valuation test 15 min
  7. 8.7 Lesson 7. Financial Reporting of Employee Benefits test 15 min
  8. 8.8 Lesson 8. Investment of Pension Assets test 15 min
  9. 8.9 Lesson 9. Social Security Systems test 15 min
  10. 8.10 Lesson 10. Demographic Projections test 14 min
  11. 8.11 Lesson 11. Monte Carlo Method in Pension Valuation test 14 min
  12. 8.12 Lesson 12. Comprehensive Pension Case Study test 15 min
  13. 8.13 Module exam test
  1. 9.1 Lesson 1. Linear Regression: Specification and Estimation test 16 min
  2. 9.2 Lesson 2. Forecasting with Single-Equation Models test 14 min
  3. 9.3 Lesson 3. Distributed Lag Models test 14 min
  4. 9.4 Lesson 4. Non-Linear Models and Maximum Likelihood test 14 min
  5. 9.5 Lesson 5. Simultaneous Equation Systems test 14 min
  6. 9.6 Lesson 6. Smoothing and Extrapolation of Time Series test 16 min
  7. 9.7 Lesson 7. Stationarity and Stochastic Time Series test 17 min
  8. 9.8 Lesson 8. Model Validation and Backtesting test 16 min
  9. 9.9 Lesson 9. Actuarial Macroeconomic Parameters test 15 min
  10. 9.10 Lesson 10. Comprehensive Econometric Project test 17 min
  11. 9.11 Module exam test
  1. 10.1 Lesson 1. Ethics and Professional Standards in Investment test 15 min
  2. 10.2 Lesson 2. Quantitative Methods for Investment test 15 min
  3. 10.3 Lesson 3. Micro- and Macroeconomics for the Investor test 15 min
  4. 10.4 Lesson 4. Financial Statements and Analysis test 15 min
  5. 10.5 Lesson 5. Corporate Finance test 17 min
  6. 10.6 Lesson 6. Portfolio Management: Risk and Return test 15 min
  7. 10.7 Lesson 7. Equities test 14 min
  8. 10.8 Lesson 8. Debt Instruments test 15 min
  9. 10.9 Lesson 9. Derivative Financial Instruments test 15 min
  10. 10.10 Lesson 10. Alternative Investments test 15 min
  11. 10.11 Lesson 11. Asset-Liability Management for Insurers and Pension Funds test 15 min
  12. 10.12 Lesson 12. Investment Risk and Stress Testing test 15 min
  13. 10.13 Lesson 13. Investment Policy and Governance test 15 min
  14. 10.14 Module exam test
  1. 11.1 Lesson 1. Financial Statements of an Insurance Company test 15 min
  2. 11.2 Lesson 2. Early Warning Ratios test 14 min
  3. 11.3 Lesson 3. Financial Planning and Asset-Liability Management test 14 min
  4. 11.4 Lesson 4. Risk-Based Capital test 14 min
  5. 11.5 Lesson 5. IFRS 17 Insurance Contracts: Measurement Principles test 14 min
  6. 11.6 Lesson 6. The Link Between IFRS 17 and IFRS 9 Financial Instruments test 16 min
  7. 11.7 Lesson 7. Solvency I and Solvency II as International Practice test 15 min
  8. 11.8 Lesson 8. International Insurance Supervisory Principles test 15 min
  9. 11.9 Lesson 9. Risk-Based Supervision test 15 min
  10. 11.10 Lesson 10. The Role of the Actuary in Prudential Regulation test 15 min
  11. 11.11 Lesson 11. Insurance Legislation of the Republic of Kazakhstan test 18 min
  12. 11.12 Lesson 12. Data Quality test 15 min
  13. 11.13 Lesson 13. Actuarial Communication and Professionalism test 15 min
  14. 11.14 Lesson 14. Final Regulatory Case Study test 15 min
  15. 11.15 Module exam test
  1. 12.1 Final exam of the Actuary qualification test