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It builds core actuarial fundamentals, enabling students to understand interest theory, life contingencies, and life insurance, and to apply these ideas to solve actuarial problems. 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It helps students understand the interest theory, life contingencies and life insurance and equips them with the knowledge to solve related problems in actuarial science  \nCourse Intended Learning Outcomes (CILOs)  \n\n| CILOs Weighting (if\u003Cbr>app.) |  |  | DEC-A1 DEC-A2 DEC-A3 |  |  |\n| --- | --- | --- | --- | --- | --- |\n| 1 | calculate basic quantities involving survival distributions and life tables. | 20 | x |  |  |\n| 2 | analyze schemes of life insurance and annuities. | 30 |  | x |  |\n| 3 | compare and contrast mathematically various strategies of life insurance and annuities. | 15 |  | x |  |\n| 4 | explain clearly basic concepts of survival distributions and characteristics of life tables. | 15 | x |  |  |\n| 5 | create and formulate actuarial models in evaluating premiums for term and life insurance. | 20 |  |  | x |\n\nA1: Attitude  \nDevelop an attitude of discovery/innovation/creativity, as demonstrated by students possessing a strong sense of curiosity, asking questions actively, challenging assumptions or engaging in inquiry together with teachers.  \nA2: Ability  \nDevelop the ability/skill needed to discover/innovate/create, as demonstrated by students possessing critical thinking skills to assess ideas, acquiring research skills, synthesizing knowledge across disciplines or applying academic knowledge to real-life problems.  \nA3: Accomplishments  \nDemonstrate accomplishment of discovery/innovation/creativity through producing /constructing creative works/new artefacts, effective solutions to real-life problems or new processes.  \nLearning and Teaching Activities (LTAs)  \n\n| LTAs Brief Description CILO No. Hours/week (if\u003Cbr>applicable) |  |  |  |  |\n| --- | --- | --- | --- | --- |\n| 1 | Lectures | Learning through teaching is primarily based on lectures. | 1, 2, 3, 4, 5 | 39 hours in total |\n| 2 | Take-home assignments | Learning through takehome assignments helps students understand concepts of interest and insurance, and calculate insurance-related items. | 1, 2, 3, 4, 5 | after-class |\n\nAssessment Tasks / Activities (ATs)  \n3 MA4537: Introduction to Actuarial Science  \n\n| ATs CILO No. Weighting (%) Remarks (\"-\" for\u003Cbr>nil entry) |  |  |  |  | Allow Use of GenAI? |\n| --- | --- | --- | --- | --- | --- |\n| 1 | Quizzes/Test/ Midterm | 1, 2, 3 | 20 | Questions are designed for the first part of the course to see how well the students have learned basic theory of interest, and survival distributions, as well as valuing securities. | No |\n| 2 | Problem sets | 1, 2, 3, 4, 5 | 10 | The assignments provide students chances to demonstrate their achievements in actuarial science methods learned from this course. | Yes |\n\nContinuous Assessment (%)  \n30  \nExamination (%)  \n70  \nExamination Duration (Hours)  \n3  \nMinimum Examination Passing Requirement (%)  \n30  \nAdditional Information for ATs  \n30% Coursework 70% Examination (Duration: 3 hours, at the end of the semester) For a student to pass the course, at least 30% of the maximum mark for the examination must be obtained.  \nAssessment Rubrics (AR)  \nAssessment Task  \n1. Quizzes/Test/Midterm  \nCriterion  \nEssential  \nExcellent (A+, A, A-)  \nHigh  \nGood (B+, B, B-)  \nSignificant  \nFair (C","cbCaivAXlW9ujgUL","https://ap.wps.com/l/cbCaivAXlW9ujgUL","pdf",48992,"English","# Course Overview\n## Course Details\n## Intended Learning Outcomes (CILOs)\n## Learning and Teaching Activities (LTAs)\n## Assessment Tasks / Activities (ATs)\n## Assessment Rubrics (AR)\n## Other Information","[{\"question\":\"What topics does the course cover?\",\"answer\":\"The course focuses on interest theory, life contingencies, life insurance, survival distributions, life tables, and life annuities, and uses them to solve related actuarial problems.\"},{\"question\":\"What are the key learning outcomes for students?\",\"answer\":\"Students learn to compute survival-distribution and life-table quantities, analyze life insurance and annuity schemes, compare strategies mathematically, and create actuarial models for pricing term and life insurance premiums.\"},{\"question\":\"How are students assessed and what is the passing requirement?\",\"answer\":\"Assessment consists of 30% continuous assessment and 70% examination, with an examination duration of 3 hours. The minimum passing requirement for the examination is 30%.\"}]","Introduction to Actuarial Science - Course Overview - Semester A 2025/26 | PDF",1790492625]