FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
1 Name and Code of Course
2 Synopsis
3 Name(s) of academic staff
4 Semester and Year offered
5 Credit Value
6 Pre-requisite (if any)
7 Course Learning Outcome (s)
LECTURE PLAN
ACTUARIAL MATHEMATICS II / BWA 31503
This course is designed for students to learn the Multiple
Decrement Models: Introduction, Two Random Variables, Random
Survivorship Group, Deterministic Survivorship Group, Associated
Single Decrement Tables, Construction of a Multiple Decrement
Table, Net Single Premiums and their Numerical Evaluation.
Valuation Theory for Pension Plans: Introduction, Basic Functions,
Contributions, Age-Service Retirement Benefits, Disability Benefits,
Withdrawal Benefits, Commutation Functions. Collective Risk
Models for a Single Period: Introduction, The Distribution of
Aggregate Claims, Selection of Basic Distributions, Properties of
the Compound Poisson Distribution, Approximations to the
Distribution of Aggregate Claims. Nonforfeiture Benefits and
Dividends: Introduction, Cash Values, Insurance Options, Asset
Shares, Experience Adjustment, Assumptions and Reserves.
Special Annuities and Insurance: Introduction, Special Types of
Annuity Benefits, Family Income Insurances, Retirement Income
Policies, Variable Products, Flexible Plan Products, Disability
Benefits for Individual Life Insurance. Advanced Multiple Life
Theory: Introduction, More General Statuses, Compound Statuses,
Contingent Probabilities and Insurance, Compound Contingent
Functions, Reversionary Annuities, Net Premiums and Reserves.
Population Theory: Introduction, The Lexis Diagram, A Continuous
Model, Stationary and Stable Populations, Actuarial Application,
Population Dynamics..
Dr. Syahira Binti Mansur
Semester 1, Year 4
3
BWA 31403 / ACTUARIAL MATHEMATICS I
CLO 1: Generate the details of some actuarial methods used in
finance and insurance
.CLO 2: Act habitually 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
environmental.
CLO 3: Adapt critical thinking and independent problem-solving skills
to everyday tasks
 FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
8 Mapping of the course/module to the Programme Learning Outcomes
Program
me

Assessment
Teaching

Methods
Methods
Learning
Course LOs / Program Outcomes KPI
LOs (PLO)

PLO

PLO

PLO
1

6
Generate the details of Quiz, Test,
Lecture,
some actuarial methods Assignment, 50% students achieving
√ Group
Final grade C+ (55%) and above
used in finance and Discussion
Examination
insurance (C5)
Act habitually according to
the roles and ethics of
actuarial professionalism in
50% students achieving
terms of their skills in Observation,
collecting, recording and
√ Practical
Report
grade C+ (55%) and
above.
analyzing data in fulfilling
social, cultural and
environmental (P5)
Adapt critical thinking and Cooperative
Assignment, 50% students achieving
independent problem- learning/
solving skills to everyday
√ PBL/
Presentation, grade C+ (55%) and
Report above.
tasks (A4) POPBL

*Indicate the primary causal link between the CLO and PLO by ticking “√” the appropriate box.

9 Transferable Skills (if Skill(s) How to instill/ Assessment

applicable) develop the skills Method
(Skills learned in the course of Encourage
study which can be useful and Lifelong learning
independency in
utilised in other settings) solving problems Assignment,
and help students to Project
apply the concepts
to the real world
 FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
10 Content outline of the course/module and the student learning time (SLT) per topic

Teaching and Learning Activities

Guided Learning

Guided Learning

Learning (NF2F)
(F2F)

Independent
Total

(NF2F)
Week Course Content CLO
SLT

Practical
Tutorial
Lecture

Others
1-2 MULTIPLE DECREMENT
MODELS
1.1 Introduction
1.2 Two Random Variables
1.3 Random Survivorship
Group
1.4 Deterministic CLO 1
Survivorship Group CLO 2 4 0 0 2 0 7 13
1.5 Associated Single CLO 3
Decrement Tables
1.6 Construction of a
Multiple Decrement
Table
1.7 Net Single Premiums
and their Numerical
Evaluation.
2-5 VALUATION THEORY FOR
PENSION PLANS
2.1 Introduction
2.2 Basic Functions CLO 1
2.3 Contributions CLO 2 7 0 0 2 0 12.5 21.5
2.4 Age-Service Retirement CLO 3
Benefits
2.5 Disability Benefits
2.6 Withdrawal Benefits
6 COLLECTIVE RISK
MODELS FOR A SINGLE
PERIOD
3.1 Introduction
3.2 The Distribution of CLO 1
Aggregate Claims
CLO 2 2 0 0 1 0 7.5 10.5
3.3 Selection of Basic
CLO 3
Distributions
3.4 Properties of the
Compound Poisson
Distribution
3.5 Approximations to the
 FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
Distribution of
Aggregate Claims.

7-8 NONFORFEITURE
BENEFITS AND
DIVIDENDS
4.1 Introduction
4.2 Cash Values CLO 1
CLO 2 4 0 0 2 0 11 17
4.3 Insurance Options
CLO 3
4.4 Asset Shares
4.5 Experience Adjustment
4.6 Assumptions and
Reserves.

9-11 SPECIAL ANNUITIES AND

INSURANCE
5.1 Introduction
5.2 Special Types of
Annuity Benefits
5.3 Family Income CLO 1
Insurances CLO 2 7 0 0 2 0 14.5 23.5
5.4 Retirement Income CLO 3
Policies
5.5 Variable Products
5.6 Flexible Plan Products
5.7 Disability Benefits for
Individual Life Insurance
12-13 ADVANCED MULTIPLE
LIFE THEORY
6.1 Introduction
6.2 More General Statuses
6.3 Compound Statuses CLO 1
6.4 Contingent Probabilities CLO 2 5 0 0 1 0 10.5 16.5
and Insurance
CLO 3
6.5 Compound Contingent
Functions
6.6 Reversionary Annuities
6.7 Net Premiums and
Reserves.
 FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
14 POPULATION THEORY
7.1 Introduction
7.2 The Lexis Diagram
7.3 A Continuous Model CLO 1
CLO 2 2 0 0 1 0 4 7
7.4 Stationary and Stable
Populations CLO 3
7.5 Actuarial Applications
7.6 Population Dynamics

TOTAL 31 0 0 11 0 67 109
Percentage Total
Continuous Assessment CLO (%)
F2F NF2F
SLT
1. Quiz 1 1 2.5 0.5 0.5
2. Quiz 2 1 2.5 0.5 0.5
3. Test 1 1 10 1.5 1.5
4. Test 2 1 10 1.5 1.5
5. Assignment 2,3 25 1.0 3.0 4.0

TOTAL 50 8
Percentage Total
Final Assessment CLO (%)
F2F NF2F
SLT
1. Final Examination 1 50 3 3
TOTAL 50 3 3
TOTAL SLT 120
*F2F = face to face, NF2F=Non Face to Face
11 Identify special requirement of None
resources to deliver the course
(e.g., software, nursery,
computer lab, simulation room)

12 Main references supporting

Dickson, D. C. M., Hardy, M. R. & Waters, H. R. (2009). Actuarial
the course
Mathematics For Life Contingent Risks. Cambridge, UK; New
York: Cambridge University Press. (HG8781 .D52 2009)
Additional references
1. Olivieri, Annamaria. (2011). Introduction to insurance
supporting the course
mathematics: technical and financial features of risk transfers.
Springer. (HG8781 .O44 2011).
2. Promislow, S. D. (2011). Fundamentals Of Actuarial
Mathematics. Chichester: Wiley. (HG8781 .P76 2011)
3. Rotar, Vladimir I. Actuarial models : the mathematics of
insurance. Chapman Hall. (HG8781 .R67 2006)
4. Panjer, Harry H. (1986). Actuarial Mathematics. American
Mathematic. (HG8781 .A27 1986)
 FACULTY OF APPLIED SCIENCES AND
TECHNOLOGY
13 Other additional information None

14 Course Attendance / 1. Students must attend not less than 80% of the contact hours for
Regulations every course including Compulsory Attendance Course (Hadir
Wajib – HW) and Attendance Only Course (Hadir Sahaja – HS).
2. Student who does not fulfill (1) of the above is not allowed to
attend further lectures and is not allowed to sit for any further
assessment. Zero mark (0) will be given to student who fails to
comply with (1). As for Compulsory Attendance Course (Hadir
Wajib – HW), student who fails to comply with (1) will be given
Failure Attendance (Hadir Gagal – HG).
3. Student must follow and obey all the University dress rules and
regulations and must discipline themselves to avoid any
disciplinary action.
4. Student must obey safety regulations during the learning and
teaching process.

15 Prepared by: Verified by:

Name: DR. SYAHIRA BINTI MANSUR Name: DR MOHD SAIFULLAH BIN RUSIMAN
Position: Course Coordinator Position: Head of Mathematics and Statistics
Department
Date:
Date: