Introduction to Actuarial Science

Business, Finance & Management · Advanced · 40 hours

Explore how actuaries measure and manage financial risk — probability, interest theory, life contingencies and the actuarial profession in South Africa.

What you'll learn

• Explain what actuaries do and where
• Apply probability and statistics to risk
• Use the time value of money
• Understand insurance and life contingencies
• Outline the SA actuarial qualification path

Course modules

• Module 1: What Is Actuarial Science?
• Module 2: Probability Foundations
• Module 3: Statistics for Actuaries
• Module 4: The Time Value of Money
• Module 5: Interest Theory
• Module 6: Insurance Principles
• Module 7: Life Contingencies
• Module 8: Risk & Financial Models
• Module 9: Pensions & Investments
• Module 10: The Actuarial Profession in SA
• Module 11: Core Concepts in Depth
• Module 12: Common Mistakes & How to Avoid Them
• Module 13: Tools, Resources & Templates
• Module 14: Standards, Quality & Best Practice
• Module 15: Health, Safety & Ethics
• Module 16: Case Study: A South African Example
• Module 17: Communication & Working with Others
• Module 18: Staying Current & Continuing to Learn
• Module 19: Capstone Project
• Module 20: Review, Assessment & Next Steps

Unlock this course for R19 on any phone. A certificate is optional (from R39).