| Teaching Staff
|
|
| Language of Instruction |
Türkçe (Turkish) |
| Type Of Course |
Compulsory |
| Prerequisites |
İST 216 Financial Mathematics |
| Recommended Optional Programme Component |
|
| Course Objectives |
Teaching the mathematics of life insurance. |
| Course Content |
Life Tables, annuities, computation of pure premiums, computing of reserve, pension mathematics, |
| Learning Outcomes (LO) |
Student can compute annuities, pure premiums e at the end of the course. Student will be learn the basic pension mathematics . |
| Mode of Delivery |
Face to face |
| Course Outline |
| Week |
Topics |
| 1. Week |
Introduction to life insurance |
| 2. Week |
Survival models. |
| 3. Week |
Mortality and survival tables. |
| 4. Week |
Coverage of life insurance |
| 5. Week |
Annuities |
| 6. Week |
Annuities |
| 7. Week |
Net premium computation |
| 8. Week |
Net premium computation |
| 9. Week |
Reserves |
| 10. Week |
Reserve levels and modern reserve systems |
| 11. Week |
Gross premium computation |
| 12. Week |
Introduction to pension mathematics |
| 13. Week |
Exercises |
| 14. Week |
Review and general discussion |
|
| Assessment |
| |
Percentage(%) |
| Mid-term (%) |
40 |
| Quizes (%) |
|
| Homeworks/Term papers (%) |
|
| Practice (%) |
|
| Labs (%) |
|
| Projects/Field Work (%) |
|
| Seminars/Workshops (%) |
|
| Final (%) |
60 |
| Other (%) |
|
| Total(%) |
100 |
|
| Course Book (s) and/or References |
· Mathematical Foundations of Life Insurance, L.C. Workman, LOMA, U.S.A.,1992.
· The Theory of Interest and Life Contingencies, Parmenter,M.M., ACTEX Publications, Connecticut, 1999.
· The Mathematics of Life Insurance, Menge, W.O. and Fischer, C.H., Ullrich Bookstore, Michigan,1991. |
| Work Placement(s) |
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| The Relationship between Program Qualifications (PQ) and Course Learning Outcomes (LO) |
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