University of Galway

Course Module Information

Course Modules

Semester 2 | Credits: 5

This course introduces some material on Life Contingencies. Topics include Multiple Lives (including Joint Life and the Last Survivor Status), the Z Method, Contingent Probabilities and Assurances, Multiple Decrement Tables, Multiple State Models, Random Vectors and Distributions

Learning Outcomes
  1. Understand the fundamentals in Joint Life and other Statuses, Contingent Functions and Assurances
  2. Understand the fundamentals of Multiple Decrement Tables, Multiple State Models, Random Vectors and Distributions
  3. Solve problems involving Multiple Life Statuses and Contingent Probabilities
  4. Solve problems involving Multiple Decrement Tables, Multiple State Models and Joint Distributions
Assessments
  • Written Assessment (75%)
  • Continuous Assessment (25%)
Teachers
Reading List
  1. "Life contingencies" by A. Neill
    ISBN: 9780750609173.
    Publisher: Heinemann, 1977.
The above information outlines module MA495: "Actuarial Mathematics: Life Contingencies II" and is valid from 2021 onwards.
Note: Module offerings and details may be subject to change.