After doing these courses, I feel confident creating professional visualizations and dashboards
Shoebur RahmanProcurement Specialist, Giz Bangladesh
Описание курса
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.
Предварительные требования
Программа
Структура курса
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.
- Cash flows and discounting50 XP
- Present value of a cash flow100 XP
- Net present value of investments100 XP
- Valuation50 XP
- Anywhere, anytime?100 XP
- Actuarial equivalence50 XP
- Saving for university100 XP
- Deposits of the saving plan100 XP
- Change of period and term structure50 XP
- The interest rates they are a-changin'100 XP
- From yearly to monthly interest rate100 XP
- Monthly mortgage loan payments100 XP
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.
3
Life Annuities
You will now act as an actuary working in a life insurance company. Learn about the basics of life annuity products and their valuation by working on cases ranging from simple life annuities to retirement plans.
4
Life Insurances
You will now deal with life insurance contracts. Learn how these products are relevant in your financial planning by designing whole life, temporary and endowment insurances.
R
Life Insurance Products Valuation in R
Курс
завершён
