End Note for Chapter 1#
Course Focus#
This course will concentrate on key principles that form the core of actuarial science. These principles, covering
mathematics,
statistics,
economics, and
finance,
are crucial for actuaries. The course will specifically focus on:
Statistical and Probabilistic Framework: Principles based on statistics, providing the essential foundation for actuarial analysis.
Economic and Behavioral Framework: Exploring principles from economics and behavior sciences, influencing actuarial decision-making.
Principles Underlying Risk Management and Actuarial Modeling: In-depth exploration of principles guiding risk management and actuarial modeling.
Principles Underlying Financial Security Systems: Detailed examination of principles forming the base of robust financial security systems.
The upcoming chapters will dive into these specific principles, offering a comprehensive understanding of actuarial science.