Section outline

  • Dear participants, I welcome you all to the module of Actuarial Mathematics. The aim of this module is to provide a grounding in the mathematical techniques that are of particular relevance to actuarial work in non-life insurance, life insurance and the principles of modeling which can be used to model and value known cash-flows as well as those which are dependent on death, survival, or other uncertain risks. In addition, the module will cover three main units, namely financial mathematics; life insurance mathematics, and actuarial models.


    Learning Outcomes.

    At the end of this module, you will be able to:

        1. Apply the appropriate mathematics to answer problems pertaining to finance, life, and non-life insurance;
        2. Understand the mathematics involved in managing cash flows, life, and non-life insurance contracts;
        3. Apply mathematics to explore and analyze cash flows;
        4. Apply the basic techniques of actuarial mathematics and its application to insurance, pensions, banking etc.

    Significant features of the module:

        1. This module will be taught to the second-year students in the department of Applied Statistics of the undergraduate program.
        2. It gives a grounding knowledge in actuarial mathematics, especially in financial mathematics.
        3. It will be taught in a blended learning mode of delivery.
        4. It will equip students with a concise knowledge of actuarial mathematics.

    Module developer(s): 

    Roger Muremyi (Leader).

    Email: muremyiroger@gmail.com

    Phone: +250788793493

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