Official NUC CCMAS syllabus

ACS 205 — Introductory Actuarial Finance

ACS department course · Nigerian universities

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What you'll be able to do (official learning outcomes)

explain the linkage between insurance and financial markets; classify different types of actuarial liabilities
distinguish between diversifiable and non-diversifiable risks
identify different approaches to financial risk management
perform cash flow analysis
discuss the various hedging strategies; and
explain the concept of arbitrage opportunities

Course contents

Actuaries and their environment. Key financial concepts for actuaries. Actuarial liabilities and financial assets. Actuarial functions. Insurance and financial markets. Insurance as a derivative. Revision of stochastic calculus: Girsanov’s theorem. The Black-Scholes model for a 64 stock market. Actuarial and financial risks.

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study ACS 205.

ACS 205 — Introductory Actuarial Finance

What you'll be able to do (official learning outcomes)

Course contents

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