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Life Insurance Products Valuation in R

BasicSkill Level
4.8+
46 reviews
Updated 08/2024
Learn the basics of cash flow valuation, work with human mortality data and build life insurance products in R.
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RApplied Finance4 hr17 videos55 Exercises4,450 XP7,864Statement of Accomplishment

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Course Description

Understanding the basic principles of life insurance products is essential for your personal financial planning, ranging from taking out a mortgage to designing your retirement plan and seeking financial protection for the risk of dying early. In this course, you'll study the time value of money and you’ll work with human mortality data to derive demographic markers (such as the life expectancy). Combining the basics of cash flow valuation with the calculation of survival and death probabilities in R will allow you to construct insightful tools to design life insurance products. You'll come out of this course understanding the valuation of life contingent claims: life annuities, which provide an income upon survival, and life insurance products, which pay a benefit upon death of the policyholder.

Prerequisites

Intermediate RFoundations of Probability in R
1

Valuation of Cash Flows

Learn the basics of cash flow vectors and their valuation with discount factors. You will then evaluate investments based on their net present value and build your own mortgage calculator. Finally, you will learn about fixed and variable interest rates; and annual and monthly rates.
Start Chapter
2

Life Tables

Life tables play a vital role in life insurance products. In this chapter you will work with data sets from the Human Mortality Database by building meaningful visualizations to study the evolution of mortality data over age and time. You will also use survival and death probabilities.
Start Chapter
3

Life Annuities

4

Life Insurances

Life Insurance Products Valuation in R
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Don’t just take our word for it

*4.8
from 46 reviews
87%
13%
0%
0%
0%
  • Kaylin
    4 weeks ago

  • Manish
    2 months ago

  • Pieter Jan
    2 months ago

  • Bas
    2 months ago

  • Ralph
    2 months ago

  • Henrique
    2 months ago

    incrível, foi muito bom fazer na mão alguns cálculos de anuidades, seguros, fatores de desconto !

Kaylin

Pieter Jan

Ralph

FAQs

Is this course suitable for beginners?

Yes, this course is suitable for beginners. It provides a step-by-step guide to the fundamentals of life insurance products and their valuation. Each chapter begins with fundamental concepts which are then progressed into more complex scenarios with plenty of hands-on practice.

Will I receive a certificate at the end of the course?

Yes, upon successful completion of the course, you will receive a DataCamp certificate.

What topics are covered in this course?

This course covers topics such as the time value of money, discounted cash flow values, life tables, mortality data, survival and death probabilities, life annuities, and life insurance products.

What jobs would benefit from this course?

This course is beneficial for individuals seeking to analyze and understand the fundamentals of life insurance products. Individuals in the banking and finance sector, actuaries, investment advisors, financial analysts and financial planners could benefit from this course.

How will I be able to apply what I have learned in this course?

Upon completion of this course, you will be able to apply your understanding in the analysis of life insurance products, such as annuities and life insurance, for your own personal financial planning and portfolio analysis.

What tools will I use in this course?

This course mainly utilizes the programming language R to analyze and construct tools for the valuation of life insurance products.

Will this course cover mortality data?

Yes, one chapter of this course will cover mortality and survival data. You will use this data to derive demographic markers, such as life expectancy, and to calculate survival and death probabilities.

Does this course discuss interests and rates?

Yes, this course discusses interests and rates, such as fixed and variable interest rates, as well as annual and monthly rates.

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