Actuarial Software
Instructor :
Course Format : on-line
Course Duration :
Study Period : 60days
Course Fee : $2500
Number of Lectures :
Actuarial Software
Instructor :
Course Format : on-line
Course Duration :
Study Period : 60days
Course Fee : $2500
Number of Lectures :
Introduction
This training module is designed to provide participants with a systematic understanding of using actuarial software (S/W) for pricing insurance products, financial reporting, and risk management.
The course delves deeply into the key features of actuarial software and the methodologies for building pricing models using these tools. It also explains the critical tasks and analytical techniques required during the reporting process.
Furthermore, it provides concrete case studies to illustrate how actuarial software can be applied to assess risks and develop risk management strategies.
In the hands-on sessions, participants will work with actual data to directly experience using the software, enhancing their problem-solving skills in practical scenarios.
Through this training, participants will strengthen their ability to perform tasks using actuarial software and gain the confidence to apply these skills effectively in their professional work.
Ultimately, this course aims to equip participants with practical expertise in pricing, financial reporting, and risk management using actuarial software.
Target Audience



Course Category
1. Actuarial Fundamentals
[Open in 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 (TBD)
[Open February 2025]
- Practical Training on PV Generation Using Actuarial Tables
- Profit and Loss Analysis for New Products
- Development of Risk Rates
4. Assumption Management and Calculation
-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)
5. Advanced IFRS 17 Actuarial Closing
- 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 January 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 coming]
- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging
10. Actuarial Software
[Open in 2025]
- Understanding Actuarial Software
- Pricing Practice
- Valuation Practice
- Internal Management Practice (Business Planning, ALM, etc..)
11. ERM (Enterprise Risk Managment)
[Open in 2025]
- Basic ERM Risk Management
- Insurance Risk Concept and Internal Model
12. Reporting
- Supervisor Report Preparation Method
- Automation System Example