Year of Study:	3 - 4
Credit Units:	3
Duration:	45hours
Prerequisites:	AIN2310 Life Contingencies I; or with the Module Coordinator’s permission and upon endorsement of the relevant Head

This module aims to deliver advanced knowledge in various actuarial models and concepts for life insurance and annuity to students. Topics covered include determination of benefit reserves for life insurance and annuity, analysis of insurance loss random variables, theory of life contingences for multiple lives, and the multiple decrement models.

Upon completion of this module, students should be able to:

1. analyse reserves for life insurances;


2. analyse reserves for annuities;


3. apply the theory of life contingencies for multiple lives;


4. apply multiple decrement theory to insurance and pension.