ACTUARIAL APPRECIATION PROGRAMME (DATA MANAGEMENT & PRICING) (NON-LIFE)
Training
In Pune
Description
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Type
Training
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Location
Pune
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Duration
3 Days
Facilities
Location
Start date
Start date
Reviews
Course programme
Background
Traditionally, Actuarial science is practiced in the domain of Life Insurance. Recently, it has made inroads into Non-life insurance also, especially in case of Casualty and Property insurances. The need for actuarial inputs is accepted wholeheartedly and its importance is being highly appreciated. In Indian non-life sector the importance of Actuarial Knowledge has been rather low. Now that the Regulator has decided to make it mandatory for all premiums to be certified by an Actuary, there is a need for having a comprehensive understanding of actuarial aspects of non-life insurance. This programme is designed to give a comprehensive introduction to the subject.
Objectives
This programme aims to enabling the participants to :
• Understand the basic concepts of non-life pricing
• Understand the basic structure of non-life premium
• Learn Mathematics and Statistics fundamentals techniques
• Understand different Individual Rating Schemes
• Understand issues in Reserving & Solvency issues
• Conducting Actuarial Investigations
Contents
• Basic concepts of Non-life pricing
• Fundamentals of Mathematics / Statistics
• Basic structure of Non-life premium
• Experiential Rating and other Individual Rating Schemes
• Actuarial aspects of Health insurance
• Actuarial aspects of Auto insurance and Merit Rating systems
• Actuarial Investigations
• Issues in Reserving & Provisioning and Solvency Issues.
• Actuarial appreciation in non-tariff market
• Health Insurance Pricing
• Product Pricing
• Liability determination
• Actuarial Methods
• File & Use System
• Cost Control and analysis theory
• Analysing of distribution network
• Outstanding claims analysis and IBNR / IBNER
ACTUARIAL APPRECIATION PROGRAMME (DATA MANAGEMENT & PRICING) (NON-LIFE)