Actuarial Fundamentals
Instructor :
Course Format : on-line
Course Duration :
Study Period : 180days
Course Fee : $200
Number of Lectures : 5
Actuarial Fundamentals
Instructor :
Course Format : on-line
Course Duration :
Study Period : 180days
Course Fee : $200
Number of Lectures : 5
Introduction
This training module is designed to help participants learn the fundamental language and terminology used in actuarial work.
Through the lectures, participants will naturally acquire key expressions and sentences frequently used in practice.
Additionally, it will assist in enhancing the basic language skills necessary for actuarial tasks.
As a result, participants will be able to reduce language barriers in their work and operate more efficiently.
Ultimately, this training aims to improve communication skills in practice and maximize work efficiency.
Target Audience
- University (graduate) students and job seekers aspiring to become actuaries
- Entry-level professionals newly hired at insurance companies, reinsurance companies, and actuarial firms
- Non-actuarial department personnel who need to understand actuarial work (e.g., accounting, risk management, IT, etc.)
- Individuals with limited actuarial knowledge who wish to learn basic concepts of insurance products, reserves, and risk management
Course Category
1. Actuarial Fundamentals
[Open March 2025]
- Premium and Surrender Value Calculation using Actuarial Tables
- Understanding Actuarial Science
2. Company-wide Training
(IFRS 17 / K-ICS)
- Examples of IFRS 17 Accounting Treatments
- Introduction to K-ICS
- Direction of Profit and Loss Management under IFRS 17
3. Product Development
[Open April 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
4. Assumption Management and Calculation
-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)
5. IFRS 17 Actuarial Closing Practice
- Advanced IFRS 17 Actuarial Closing Practices
6. K-ICS
- Overview of Risk Management in Insurance Companies
- Understanding Market Risk
- Understanding Interest Rate Risk
- Understanding Insurance Risk
- Insurance Risk Internal Model
7. Reinsurance
[Open in April 2025]
- Traditional Reinsurance
- Co-Reinsurance
- Excel-Based Reinsurance Profit and Loss Forecasting
8. Management under IFRS 17 and K-ICS Standards
-Direction of Profit and Loss Management under IFRS17
- ALM-Based Management
- MCEV-Based Management
-Risk Based Asset-Liability Portfolio Management
9. Managerial Accounting
[Open April 2025]
- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging
10. Actuarial Modeling Course (New Product Modeling)
[Open in 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
11. Actuarial Modeling Course (IFRS 17 Closing Practice)
[Open in 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
12. ERM (Enterprise Risk Managment)
[Open in 2025]
- Basic ERM Risk Management
- Insurance Risk Concept and Internal Model
13. Reporting
- Supervisor Report Preparation Method
- Automation System Example
14. Product Planning
[Open in 2025]
- Product Introduction
- Product Structure
- Market Understanding
- Risk Rate