Asset and Liability Management Actuary

2 sequenced courses

INV 101
Portfolio Management ▼
  • The candidate will understand portfolio management objectives in the context of institutional liabilities.
  • The candidate will understand the nature and the variety of asset classes that can be used in constructing a portfolio.
  • The candidate will understand portfolio construction and assessment.
  • The candidate will understand the best practices of investment risk management.
INV 201
Quantitative Finance ▼
  • The candidate will understand key types of derivatives.
  • The candidate will understand the principles and techniques for the valuation of derivatives.
  • The candidate will understand various applications and risks of derivatives.

2 additional courses

CP 351
Asset Liability Management ▼
  • The candidate will understand the objectives of Asset Liability Management (ALM).
  • The candidate will understand the risk drivers of assets and liabilities.
  • The candidate will understand and be able to apply tools and strategies of ALM.
CP 312
Model Development and Governance ▼
  • The candidate will understand, develop, apply, and evaluate cash flow models for various types of long-term insurance business. For each, the candidate will demonstrate an understanding of the underlying modeling methodologies: their strengths, limitations, and applications.
  • The candidate will understand, apply, and evaluate non-cash flow and supplementary models for various types of long-term insurance business. For each, the candidate will demonstrate an understanding of the underlying methodologies: their strengths, limitations, and applications.
  • The candidate will understand and be able to apply appropriate model governance to assess and address issues common to the development and management of models.