| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Actuarial Sciences | SSG534 | 3 + 0 | 3.0 | 7.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Graduate |
| Course Type | |
| Mode of delivery | Expression |
| Course Coordinator | |
| Instructors | |
| Assistants | |
| Goals | The aim of this course is to teach students theoretical and practical knowledge and skills related to actuarial science. |
| Course Content | In this course, in the field of non-life actuarial in insurance businesses; financial analysis of the financial structure of the insurance company, tariff design and pricing, provision calculations, asset liability analysis, deprivation of support compensation calculations, actuarial scenario analysis studies and measurement of the effects on the balance sheet, corporate risk management process, identification of key risks (reserve risk), severance indemnity provision calculations, actuarial control cycle processes that include seemingly different but related steps such as company valuation, In the field of life actuarial; preparation of profitability analysis and product representations on product basis, creation of commutation tables, general information about life insurance types and products in the world, knowledge of reinsurance, knowledge of balance sheet reading and financial analysis, embedded value, return on investments, detailed information about annuities, as well as calculation methodology related to foundations and trusts will be covered. |
| Learning Outcomes |
- At the end of this course, students should be able to explain the concepts, theories and approaches within the scope of actuarial science, analyze various risks that may occur during human life, estimate the probability of these risks and gain the knowledge and skills to create safety programs to mitigate the financial impact of these events. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Financial analysis of the financial structure of the insurance company in non-life actuarial | Course Hours Preparation, After Class Study |
| 2. Week | Tariff design and pricing, provision calculations | Preparation, After Class Study Course Hours |
| 3. Week | Asset liability analysis, deprivation of support compensation calculations | Preparation, After Class Study Course Hours |
| 4. Week | Actuarial scenario analysis studies and measurement of their effects on the balance sheet | Preparation, After Class Study Course Hours |
| 5. Week | Enterprise risk management process, identification of key risks (reserve risk) | Preparation, After Class Study Course Hours |
| 6. Week | Severance pay provision calculations, company valuation | Course Hours Preparation, After Class Study |
| 7. Week | Preparation of product-based profitability analyses and product representations in the life actuarial field and creation of commutation tables | Preparation, After Class Study Course Hours |
| 8. Week | Midterm | Course Hours |
| 9. Week | General information about life insurance types and products in the world | Course Hours Preparation, After Class Study |
| 10. Week | Knowledge of reinsurance, balance sheet reading and financial analysis | Preparation, After Class Study Course Hours |
| 11. Week | Embedded value, return on investments | Course Hours Preparation, After Class Study |
| 12. Week | Detailed information on types of annuities | Preparation, After Class Study Course Hours |
| 13. Week | Calculation methodology for foundations and trusts | Course Hours Preparation, After Class Study |
| 14. Week | Examples of pre-exam practice | Practice Course Hours Preparation, After Class Study |
| Aktüerya Matematiği ve Yaşam Analizi, Prof. Dr. Fikri Akdeniz , Arş. Gör. Funda Erdugan, Nobel Kitapevi, Adana, 2011. |
| Lecture Notes |
| Program Requirements | Contribution Level | DK1 | Measurement Method |
|---|
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
