BUS1003H - Introduction To Actuarial Science

18 credits at NQF level 5

Entry Requirements:

Admission to an Actuarial Programme.

Course Outline:

The aim of the course is to provide an overview of the fields of actuarial science and quantitative finance. The central concept for both disciplines is the measurement and valuation of financial transactions with a component of uncertainty. Topics covered include risk assessment and management, different types of insurance, different types of asset classes. Students are introduced to financial mathematics and life contingency functions which enables them to value assets and insurance products. The course also addresses questions concerning professionalism and what it is to be an actuary/quant.