Course program 1. Module 1. Fundamentals of Actuarial Mathematics and the Language of Formulas Lesson 1. How to read actuarial mathematics test 🔒 Lesson 2. Indices, time, powers and logarithms test 🔒 Lesson 3. Functions, graphs, sums and series test 🔒 Lesson 4. Interest rates and financial mathematics test 🔒 Lesson 5. Derivatives and integrals without formalism test 🔒 Lesson 6. Probability and random variables test 🔒 Lesson 7. Distributions and the survival function test 🔒 Lesson 8. The life table test 🔒 Lesson 9. Frequency, severity and aggregate loss test 🔒 Lesson 10. Matrices, modelling and the Monte Carlo method test 🔒 Lesson 11. Professional judgement, standards and diagnostics test 🔒 Module exam test 2. Module 2. Theory of Interest Rates and Stochastic Processes in Life Insurance 🔒 Lesson 1. Interest rates and the equation of value test 🔒 Lesson 2. Financial annuities test 🔒 Lesson 3. Loans and repayment schedules test 🔒 Lesson 4. Debt securities, yield, duration and convexity test 🔒 Lesson 5. Survival models and life tables test 🔒 Lesson 6. Life annuities test 🔒 Lesson 7. Single-life insurance test 🔒 Lesson 8. Joint insurance on several lives test 🔒 Lesson 9. Pension mathematics: basic level test 🔒 Module exam test 3. Module 3. Actuarial Principles and Their Applications 🔒 Lesson 1. Practical application of interest theory test 🔒 Lesson 2. Actuarial valuation of life annuities test 🔒 Lesson 3. Life insurance product development and underwriting fundamentals test 🔒 Lesson 4. Reserves and minimum capital in life insurance test 🔒 Lesson 5. Life insurance profitability analysis test 🔒 Lesson 6. General insurance: products, rates and reserves test 🔒 Lesson 7. Group life and disability insurance test 🔒 Lesson 8. Health insurance: fundamentals of actuarial valuation test 🔒 Lesson 9. Reinsurance test 🔒 Lesson 10. Pension schemes and social security test 🔒 Lesson 11. Insurance economics test 🔒 Lesson 12. Fundamentals of investment management test 🔒 Module exam test 4. Module 4. Actuarial Models in General Insurance 🔒 Lesson 1. Utility theory and insurance economics test 🔒 Lesson 2. Individual risk model test 🔒 Lesson 3. Collective risk model test 🔒 Lesson 4. Claim frequency and severity models test 🔒 Lesson 5. Parameter estimation and model selection test 🔒 Lesson 6. Credibility theory test 🔒 Lesson 7. Bayesian models and conjugate distributions test 🔒 Lesson 8. Coverage modifications: deductibles, limits, inflation test 🔒 Lesson 9. Simulation and model validation test 🔒 Module exam test 5. Module 5. General Insurance and Reinsurance: Pricing, Reserves, Reinsurance Programmes 🔒 Lesson 1. Data and exposure bases in ratemaking test 🔒 Lesson 2. The fundamental insurance equation test 🔒 Lesson 3. Trends, loss development and premium at current rate level test 🔒 Lesson 4. Risk classification and rate differentiation test 🔒 Lesson 5. Generalised linear models for ratemaking test 🔒 Lesson 6. Data structure for reserving test 🔒 Lesson 7. Loss development method (Chain-Ladder) test 🔒 Lesson 8. Expected loss ratio method and Bornhuetter–Ferguson method test 🔒 Lesson 9. Frequency-severity method and special reserving methods test 🔒 Lesson 10. Reserve uncertainty and ranges test 🔒 Lesson 11. Types of reinsurance and cash flow calculation test 🔒 Lesson 12. Designing a reinsurance programme test 🔒 Lesson 13. Comprehensive computer case study test 🔒 Module exam test 6. Module 6. Actuarial Models and Pricing in Life Insurance 🔒 Lesson 1. The life insurance market and product architecture test 🔒 Lesson 2. Underwriting and mortality and morbidity factors test 🔒 Lesson 3. Model points and cash flow projection test 🔒 Lesson 4. Actuarial assumptions test 🔒 Lesson 5. Pricing strategies and methods test 🔒 Lesson 6. Expenses, commissions and new business strain test 🔒 Lesson 7. Profitability analysis and testing test 🔒 Lesson 8. Taxation and regulatory constraints test 🔒 Lesson 9. Construction and graduation of mortality tables test 🔒 Lesson 10. Multiple decrements and competing risks test 🔒 Lesson 11. Comprehensive pricing case study test 🔒 Module exam test 7. Module 7. Valuation of Reserves and Capital Requirements in Life Insurance, Group and Health Insurance 🔒 Lesson 1. Reserve Valuation Methods in Life Insurance test 🔒 Lesson 2. Reserving for Options and Guarantees test 🔒 Lesson 3. Capital Requirements and Risk Profile test 🔒 Lesson 4. Asset-Liability Management test 🔒 Lesson 5. Solvency and Capital Adequacy test 🔒 Lesson 6. With-Profits Contracts and Profit Distribution test 🔒 Lesson 7. Financial Reporting and IFRS 17 Insurance Contracts: An Introduction test 🔒 Lesson 8. Experience Analysis and Updating Assumptions test 🔒 Lesson 9. Group Life and Disability Insurance test 🔒 Lesson 10. Health Insurance: Underwriting and Pricing test 🔒 Lesson 11. Health Claims Reserving test 🔒 Lesson 12. Life and Health Reinsurance test 🔒 Lesson 13. Professionalism, Data Quality and Actuarial Communication test 🔒 Module exam test 8. Module 8. Actuarial Methods for Valuing Pension and Social Security Schemes 🔒 Lesson 1. Architecture of Pension Systems test 🔒 Lesson 2. Design of Defined Benefit Schemes test 🔒 Lesson 3. Defined Contribution Schemes test 🔒 Lesson 4. Data and Actuarial Assumptions for Pension Valuation test 🔒 Lesson 5. Funding Methods for Defined Benefit Schemes test 🔒 Lesson 6. Stages of a Pension Scheme Actuarial Valuation test 🔒 Lesson 7. Financial Reporting of Employee Benefits test 🔒 Lesson 8. Investment of Pension Assets test 🔒 Lesson 9. Social Security Systems test 🔒 Lesson 10. Demographic Projections test 🔒 Lesson 11. Monte Carlo Method in Pension Valuation test 🔒 Lesson 12. Comprehensive Pension Case Study test 🔒 Module exam test 9. Module 9. Macroeconomic Forecasting of Actuarial Valuation Parameters Using Econometric Modelling 🔒 Lesson 1. Linear Regression: Specification and Estimation test 🔒 Lesson 2. Forecasting with Single-Equation Models test 🔒 Lesson 3. Distributed Lag Models test 🔒 Lesson 4. Non-Linear Models and Maximum Likelihood test 🔒 Lesson 5. Simultaneous Equation Systems test 🔒 Lesson 6. Smoothing and Extrapolation of Time Series test 🔒 Lesson 7. Stationarity and Stochastic Time Series test 🔒 Lesson 8. Model Validation and Backtesting test 🔒 Lesson 9. Actuarial Macroeconomic Parameters test 🔒 Lesson 10. Comprehensive Econometric Project test 🔒 Module exam test 10. Module 10. Insurance Companies and Pension Funds: Financing and Investment 🔒 Lesson 1. Ethics and Professional Standards in Investment test 🔒 Lesson 2. Quantitative Methods for Investment test 🔒 Lesson 3. Micro- and Macroeconomics for the Investor test 🔒 Lesson 4. Financial Statements and Analysis test 🔒 Lesson 5. Corporate Finance test 🔒 Lesson 6. Portfolio Management: Risk and Return test 🔒 Lesson 7. Equities test 🔒 Lesson 8. Debt Instruments test 🔒 Lesson 9. Derivative Financial Instruments test 🔒 Lesson 10. Alternative Investments test 🔒 Lesson 11. Asset-Liability Management for Insurers and Pension Funds test 🔒 Lesson 12. Investment Risk and Stress Testing test 🔒 Lesson 13. Investment Policy and Governance test 🔒 Module exam test 11. Module 11. Government Regulation and Financial Reporting in Insurance 🔒 Lesson 1. Financial Statements of an Insurance Company test 🔒 Lesson 2. Early Warning Ratios test 🔒 Lesson 3. Financial Planning and Asset-Liability Management test 🔒 Lesson 4. Risk-Based Capital test 🔒 Lesson 5. IFRS 17 Insurance Contracts: Measurement Principles test 🔒 Lesson 6. The Link Between IFRS 17 and IFRS 9 Financial Instruments test 🔒 Lesson 7. Solvency I and Solvency II as International Practice test 🔒 Lesson 8. International Insurance Supervisory Principles test 🔒 Lesson 9. Risk-Based Supervision test 🔒 Lesson 10. The Role of the Actuary in Prudential Regulation test 🔒 Lesson 11. Insurance Legislation of the Republic of Kazakhstan test 🔒 Lesson 12. Data Quality test 🔒 Lesson 13. Actuarial Communication and Professionalism test 🔒 Lesson 14. Final Regulatory Case Study test 🔒 Module exam test 12. Final qualification exam 🔒 Final exam of the Actuary qualification test Module 9. Macroeconomic Forecasting of Actuarial Valuation Parameters Using Econometric Modelling Lesson 2. Forecasting with Single-Equation Models 🔒 Sign in to open the lesson Sign in Registration