Official NUC CCMAS syllabus

ACS 308 — Ratemaking and Insurance Pricing

ACS department course · Nigerian universities

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

explain various terms in insurance as it relates to ratemaking
estimate written, earned and unearned premiums
identify different types of data used for premium analysis
differentiate between aggregated data and segregated data
make adjustment to premiums based on data supplied in book manual
identify qualitative information required for premium analysis

Course contents

Introduction: Basic insurance terms: exposure, premium, claim, loss, loss adjustment, expense, underwriting expense, underwriting profit, goal of ratemaking: fundamental insurance equation, ratemaking is prospective, overall and individual balance, basic insurance ratios; Ratemaking data.

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study ACS 308.

ACS 308 — Ratemaking and Insurance Pricing

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

Course contents

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