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Introduction to Actuarial Science

Introduction to Actuarial Science

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9.3/10 (Our Score)
Product is rated as #15 in category Data Science

You may have heard of actuarial science, or you might even know an actuary, but do you know what an actuary does? During the course you’ll hear from a wide variety of actuaries about their careers. And don’t be scared that the course will be “just a whole lot of mathematics”. Together, we will go beyond the math to learn how actuaries approach problems relating to risk, using examples from: Finance Investments Banking Insurance You will learn how actuarial science applies mathematical and statistical methods to assess risk in these industries and other professions. You’ll experience “hands–on” learning using Excel (or an equivalent spreadsheet tool) to project and investigate the financial condition of a company choosing appropriate strategies for the company through the use of simulations. The course has been carefully designed for students from a wide variety of backgrounds, with secondary/high school level being the only assumption of mathematical background. Even if you don’t have any background in, for example, calculus, the course has been designed so you can skip over these sections without affecting your understanding of the rest of the course. You also do not need to have any Excel or other spreadsheet background to take the course. For …

Instructor Details

Specification: Introduction to Actuarial Science

Duration 24 hours
Year 2020
Level Beginner
Certificate Yes
Quizzes No

4 reviews for Introduction to Actuarial Science

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    Nisarg Patel

    Its actually an interesting course for exploring more about actuarial science. Time worth spending. It will give you a brief knowledge about the topic and will tempt you to explore more. Awesome course!!!

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    Will Young

    It was a good overview of the actuary profession, with some tasks using spreadsheets of actuary models. I would consider it medium difficulty since one can make a mistake editing a model and end up doing a little bit of debugging to get back on track.

    Definitely worth taking if you are interested in the actuary profession.

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  3. Avatar

    Kohei I

    I actually learned a lot from this well designed course. Starting from the basics of present value of money, the course developed fairly fast, covering probabilities, life table and a simulation of a life insurance company.

    My favorite part was the hands on exercise using Excel, where theory and practice came together. Furthermore, there were several interviews with the industry practitioners, so this is a great course if you are interested in getting a degree or qualifications in actuary.

    On the other hand, some of the math was a bit complicated, as I haven’t used it for decades. The instructor intentionally introduced some calculus, so that the participants would have a feel of actuarial science, before making commitments in their formal education or careers. Some of the concepts were quite abstract and a bit challenging to understand. However, the instructor kindly answered to all of my questions and the discussions in the forum helped me better understand the material.

    If you want to learning something about life insurance companies, I strongly recommend you to take this course, which far exceeded my expectations. This was a great learning experience, and I am so glad that I completed the course!

    Helpful(0) Unhelpful(0)You have already voted this
  4. Avatar

    Kohei I

    I actually learned a lot from this well designed course. Starting from the basics of present value of money, the course developed fairly fast, covering probabilities, life table and a simulation of a life insurance company.

    My favorite part was the hands on exercise using Excel, where theory and practice came together. Furthermore, there were several interviews with the industry practitioners, so this is a great course if you are interested in getting a degree or qualifications in actuary.

    On the other hand, some of the math was a bit complicated, as I haven’t used it for decades. The instructor intentionally introduced some calculus, so that the participants would have a feel of actuarial science, before making commitments in their formal education or careers. Some of the concepts were quite abstract and a bit challenging to understand. However, the instructor kindly answered to all of my questions and the discussions in the forum helped me better understand the material.

    If you want to learning something about life insurance companies, I strongly recommend you to take this course, which far exceeded my expectations. This was a great learning experience, and I am so glad that I completed the course!

    Helpful(0) Unhelpful(0)You have already voted this

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