Course Title Course Code Program Level

Course Term
(Course Semester)
Teaching and Learning Methods
Theory Practice Lab Projects/Field Work Seminars/Workshops Other Total Credits ECTS Credits
42 93 135 3 5

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
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)
The Relationship between Program Qualifications (PQ) and Course Learning Outcomes (LO)