ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAEAFAGAHAIAJAKALAMANAOAPAQARASATAUAVAWAXAYAZBABBBC
1
FACULTY OF APPLIED SCIENCES AND TECHNOLOGY
2
3
LESSON PLAN
4
1Course Name:ACTUARIAL MATHEMATICS II
5
Course Code:BWA 31503
6
Course Classification:Elective (core)
7
2Synopsis:This course extends the mathematical framework developed in BWA31403. The course covers topics such as the Multiple Decrement Models, Collective Risk Models for a Single Period, Nonforfeiture Benefits and Dividends, Special Annuities and Insurance, Pension Mathematics and Population Theory.
8
3Name(s) of Academic Staff Teaching This Course:1Dr. Syahira binti Mansur
9
2
10
3
11
4
12
4Semester and Year offered:Year Offered3Semester2Remarks: Semester II Session 2023/2024
13
5Credit Value:3
14
6Pre-requisite/ co-requisite (if any):BWA31403 Actuarial Mathematics I
15
7Course Learning Outcome(s)
16
CLOStatementUTHM LODTaxonomy Level
17
CLO1Illustrate the details of some actuarial methods used in finance and insuranceLOD3C3
18
CLO2Analyze the finance and insurance problems using actuarial methodsLOD10C4
19
CLO3Demonstrate according to the roles and ethics of actuarial professionalism in terms of their skills in collecting, recording and analyzing data in fulfilling social, cultural and environmentalLOD16A3
20
CLO4
21
CLO5
22
CLO6
23
CLO7
24
CLO8
25
CLO9
26
CLO10
27
28
8Mapping of the Course Learning Outcomes to the Programme Learning Outcomes, Teaching Methods and Assessment Methods
29
CLOProgramme Learning Outcomes (PLO)Teaching MethodsAssessment MethodsKPI
30
PLO 1PLO 2PLO 3PLO 4PLO 5PLO 6PLO 7PLO 8PLO 9PLO 10PLO 11PLO 12
31
CLO1√LectureQuiz, Test, Project, Final Examination50% students achieving 55% and above
32
PBL
33
Project
34
SCL
35
CLO2√LectureTest, Assignment, Project, Final Examination50% students achieving 55% and above
36
PBL
37
Project
38
SCL
39
CLO3√PBLProject, Presentation, Report50% students achieving 55% and above
40
Project
41
SCL
42
43
CLO4
44
45
46
47
CLO5
48
49
50
51
CLO6
52
53
54
55
CLO7
56
57
58
59
CLO8
60
61
62
63
CLO9
64
65
66
67
CLO10
68
69
70
71
Mapping with MQF Cluster of Learning OutcomesC2Indicate the primary causal link between the CLO and PLO by ticking '√' in the appropriate box.
C1 = Knowledge & Understanding, C2 = Cognitive Skills, C3A = Practical Skills, C3B = Interpersonal Skills, C3C = Communication Skills, C3D = Digital Skills, C3E = Numeracy Skills, C3F = Leadership, Autonomy & Responsibility, C4A = Personal Skills, C4B = Entrepreneurial Skills, C5 = Ethics & Professionalism
72
C3E
73
C5
74
75
76
9Transferable Skills (if applicable)
77
Skills learned in the course of study which can be useful and utilized in other settings.
Note: Refer to MQF Cluster Mapping in Section 8
1Cognitive skills
78
2Numeracy Skills
79
3Ethics and Professionalism
80
Open-ended response (if any)
81
4
82
83
84
10Distribution of Student Learning Time (SLT)
85
WeekCourse Content Outline and SubtopicsCLO*Learning and Teaching Activities**NF2F
Independent Learning
Total SLTNoteLLecturePPractical
86
TTutorialOOthers
87
PhysicalOnline (Synchronous/ Asynchronous)WBL***SCL
GL
IG
Student Centred Learning
Guided Learning (WBL)
Industrial Guidance (WBL)
88
LTPO/
SCL
LTPO/
SCL
GLIG* Indicate the CLO based on the CLO's numbering in Item 8
** For ODL programme: Courses with mandatory practical requiremnets imposed by the programme standards or any related standards can be exempted from complying to the minimum 80% ODL delivery rule in the SLT.
*** For WBL programme, the SLT will be scaled by 80% to obtained the ELT
89
11.0 MULTIPLE DECREMENT MODELS
Introduction
1,23137
90
21.0 MULTIPLE DECREMENT MODELS
Two Random Variables
Random Survivorship group
Deterministic Survivorship Group
1,23137
91
31.0 MULTIPLE DECREMENT MODELS
Associated Single Decrement Tables
Construction of a Multiple Decrement Table
Net Single Premiums and their Numerical Evaluation
1,23137
92
42.0 COLLECTIVE RISK MODELS FOR A SINGLE PERIOD
Introduction
The Distribution of Aggregate Claims
Selection of Basic Distributions
1,23238
93
52.0 COLLECTIVE RISK MODELS FOR A SINGLE PERIOD
Properties of the Compound Poisson Distribution
Approximation to the Distribution of Aggregate Claims
1,23238
94
63.0 NON FORFEITURE BENEFITS AND DIVIDENDS
Introduction
Cash Values
Insurance Options
1,23238
95
73.0 NON FORFEITURE BENEFITS AND DIVIDENDS
Asset Shares
Experience Adjustment
Assumptions and Reserves
1,23137
96
97
98
84.0 SPECIAL ANNUITIES AND INSURANCE
Introduction
Special Types of Annuity Benefits

Family Income Insurances
1,2,33137
99
94.0 SPECIAL ANNUITIES AND INSURANCE
Retirement Income Policies
Variable Products
1,2,33137
100
104.0 SPECIAL ANNUITIES AND INSURANCE
Flexible Plan Products
Disability Benefits for Individual Life Insurance
1,2,33137