Management Analysis & Operational Auditing Courses


Actuarial Science Fundamentals Training Course

Introduction:

Actuarial science evaluates risks and maintains the economic stability of insurance or financial organizations. Actuaries analyze past data and use that information to determine how much money to cover future financial losses.

This actuarial science course is for trainees from various backgrounds. Even if you don't have any background in calculus, for example, the course is so you can skip over these sections without affecting your understanding of the rest of the course.

You'll experience "hands-on" learning using Excel (or an equivalent spreadsheet tool) to project and investigate a company's financial condition, choosing appropriate strategies for the company through simulations.

Why Choose an Actuarial Science Program?:

Many choose to embark on a career in actuarial science due to its reputation for being challenging and rewarding, with a blend of mathematics, statistics, and financial theory applied to real-world problems. This program offers an actuarial science certificate and a deep dive into the core skills defining a qualified actuary.

What is an Actuarial Science Course?:

An actuarial science course imparts the fundamentals of actuarial science, encompassing the statistical and mathematical methods used in risk assessment within the insurance and finance sectors. This course offers rigorous actuarial science training and provides a comprehensive curriculum that prepares candidates for a successful career in this field.

Targeted Groups:

  • Business Professionals.
  • Business Analysts.
  • Data Analysts.
  • Research Analysts.
  • Finance Professionals.

Course Objectives:

At the end of this actuarial science course, the participants will be able to:

  • Have familiarity with several of the technical tools, computer languages, or software packages used by actuaries.
  • Learn how actuarial science applies mathematical and statistical methods to assess risk in insurance, finance industries, and other professions.
  • Experience "hands-on" learning using Excel (or an equivalent spreadsheet tool) to project.
  • Develop communication, leadership, and teamwork skills and understand their importance in the actuarial industry.
  • Analyze actuarial data using advanced statistical techniques.

Targeted Competencies:

By the end of this actuarial science training, the participant's competencies will:

  • Analytical Problem-Solving Skills.
  • Technical Skills.
  • Interpretation of large data sets.
  • Establishing data integration.
  • Developing dynamic dashboards and scorecards.
  • Reporting, analysis, and reconciliation.

Actuarial Science Training Outline:

Unit 1: Valuing Cash Flows:

  • Time Value of Money.
  • Present Value.
  • Accumulated Value.
  • Valu Multiple Regular Payments.

Unit 2: Applications of Valuing Cash Flows:

  • Equations of Value.
  • Example of the Annuity Certain.
  • Apply in Spreadsheets.

Unit 3: Analysis of State Transitions:

  • Introduction to State Transitions.
  • Two-State Model (Active/Dead).
  • Calculate Probabilities using the Two-State Model.

Unit 4: The Life Table:

  • Introduction to the Life Table.
  • Calculating Probabilities using the Life Table.

Unit 5: Valuing Uncertain Cash Flows:

  • Expected Present Value.
  • Accumulated Value and Uncertainty.

Unit 6: Modeling a Life Insurance Company:

  • The Life Insurance Company Scenario.
  • A Single Projection.
  • Analyze the Simulation Output.
  • Reserves.
  • Adjustments to Reserves.
  • Additional Scenarios.

Conclusion:

Underlying all the technical training, the fundamentals of actuarial science are paramount in driving success for future actuaries. This actuarial science program cultivates a solid foundation, enabling students to appreciate the meaning of actuarial science, understand definitions, and apply these concepts in real-world scenarios, leading to certification and practical expertise.


Manama (Bahrain)
28 Jul - 01 Aug 2024
3900 Euro
Amman (Jordan)
28 Jul - 01 Aug 2024
2900 Euro
Boston (USA)
05 - 09 Aug 2024
5500 Euro
Milan (Italy)
12 - 16 Aug 2024
4900 Euro
Kuala Lumpur (Malaysia)
25 - 29 Aug 2024
3900 Euro
Barcelona (Spain)
26 - 30 Aug 2024
4900 Euro
Cairo (Egypt)
15 - 19 Sep 2024
3000 Euro
London (UK)
16 - 20 Sep 2024
5200 Euro
Rome (Italy)
28 Oct - 01 Nov 2024
4900 Euro
Barcelona (Spain)
04 - 08 Nov 2024
4900 Euro
Madrid (Spain)
04 - 08 Nov 2024
4900 Euro
Vienna (Austria)
04 - 08 Nov 2024
4900 Euro
Online
01 - 05 Dec 2024
1500 Euro
Paris (France)
02 - 06 Dec 2024
4900 Euro
Dubai (UAE)
15 - 19 Dec 2024
3900 Euro
Kuala Lumpur (Malaysia)
15 - 19 Dec 2024
3900 Euro
Istanbul (Turkey)
15 - 19 Dec 2024
4200 Euro
Sharm El-Sheikh (Egypt)
22 - 26 Dec 2024
3500 Euro
Vienna (Austria)
23 - 27 Dec 2024
4900 Euro
Kuala Lumpur (Malaysia)
05 - 09 Jan 2025
3900 Euro
Dubai (UAE)
05 - 09 Jan 2025
3900 Euro
Online
19 - 23 Jan 2025
1500 Euro
London (UK)
20 - 24 Jan 2025
5200 Euro
Rome (Italy)
27 - 31 Jan 2025
4900 Euro
Lisbon (Portugal)
17 - 21 Feb 2025
4900 Euro
Amsterdam (Netherlands)
17 - 21 Feb 2025
4900 Euro
Amman (Jordan)
23 - 27 Feb 2025
2900 Euro
Istanbul (Turkey)
23 - 27 Feb 2025
4200 Euro
Cairo (Egypt)
16 - 20 Mar 2025
3000 Euro
Madrid (Spain)
17 - 20 Mar 2025
4900 Euro
Geneva (Switzerland)
24 - 20 Mar 2025
5500 Euro
Manama (Bahrain)
20 - 20 Apr 2025
3900 Euro
Barcelona (Spain)
21 - 20 Apr 2025
4900 Euro
Munich (Germany)
05 - 20 May 2025
4900 Euro
Dubai (UAE)
18 - 20 May 2025
3900 Euro
Online
18 - 20 May 2025
1500 Euro
Paris (France)
19 - 20 May 2025
4900 Euro
Cairo (Egypt)
15 - 19 Jun 2025
3000 Euro
Sharm El-Sheikh (Egypt)
22 - 26 Jun 2025
3500 Euro
Brussels (Belgium)
30 Jun - 04 Jul 2025
4500 Euro

Management Analysis & Operational Auditing Courses
Actuarial Science Fundamentals Training Course (MA)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.