Capital Management Actuary (life)

2 sequenced courses

ILA 101
Pricing and Introduction to Valuation and Risk Management ▼
  • Individual Life and Annuity Product Design and Pricing: Understand the designs of the common Life and Annuity products and their associated features and inherent risks, and the methods to design and price these products.
  • Assumption Development and Experience Studies: Understand different types of actuarial assumptions and how experience studies are designed and used for evaluating past experience and for setting assumptions.
  • Product Management: Understand common issues and practices related to Product Management.
  • Introduction to Life and Annuity Valuation Concepts: Understand common valuation and capital techniques used in U.S., Canadian, and international regulatory frameworks.
  • Introduction to Assets and Risk Management: Understand various techniques for addressing the mitigation of risk within a life insurance and annuity context.
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ILA 201-U
Valuation and Advanced Product and Risk Management, U.S. ▼
  • U.S. Financial Reporting Requirements: Understand and apply U.S. valuation principles and methods applicable to individual life insurance and annuity products issued by U.S. life insurance companies.
  • Capital Management: Understand how to explain and apply the methods, approaches and tools of financial capital management for life insurance companies under a U.S. regulatory framework.
  • Management and Evaluation of Life Insurance Risks: Understand types of life insurance risks, the impacts of diversification, crediting rating agency frameworks, and the assessment of risk management.
  • Advanced Product Management: Understand the fundamentals of value creation and inforce management techniques for life and annuity products.
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or
ILA 201-I
Valuation and Advanced Product and Risk Management, International ▼
  • International Financial Reporting Requirements: Understand and apply valuation principles to individual life insurance and annuity products issued by international life insurance companies.
  • Capital Management: Understand international capital requirements, the approaches and tools of financial capital management for international life insurance companies.
  • Management and Evaluation of Life Insurance Risks: Understand various approaches to manage and evaluate life insurance risks.
  • Advanced Product Management: Understand value creation and inforce management techniques for life and annuity products.
  • View course page to access the syllabus and see the enhancements.

2 additional courses

Choose two additional courses from the options below as your third and fourth courses to complete this pathway.

CFE 201
Corporate Finance ▼
  • Corporate Finance: Understand how an organization optimizes its corporate finance decisions based on its business objectives.
  • Financial Statement Analysis: Gauge an organization’s performance through an evaluation of its financial reports.
  • Managerial Accounting and Operational Excellence: Understand how managerial accounting and operational processes impact an organization’s performance evaluation and decision making.
  • Evolving Quantitative Methods and Technologies: Understand the appropriate application of evolving quantitative methods and technologies that help to manage the business.
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CP 311
Strategic Management ▼
  • Introduction to Strategic Management: Understand and apply strategic management concepts and frameworks to develop an organization’s business strategies and solutions.
  • Strategic Budgeting and Value Measures: Understand how sustainable growth and value can be created through strategic budgeting. The candidate will also understand measures of an organization’s value and their uses in decision making.
  • Decision Modeling and Optimization: Apply decision-making models to general managerial decisions within specified constraints.
  • Organizational Behavior: Understand the role that organizational behavior plays in organizational decision making and efficacy.
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CP 341
Advanced Life Reinsurance ▼
  • Types of Reinsurance Arrangements and Methods: Understand different types of traditional and advanced reinsurance transactions for life insurance.
  • Transferring Risk: Understand the fundamentals of risk transfer between two counterparties.
  • Key Accounting and Regulatory Considerations: Understand regulatory frameworks for reinsurance transactions across US, Canadian, and global jurisdictions.
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CP 351
Asset Liability Management ▼
  • Objectives of Asset Liability Management: Understand the objectives of Asset Liability Management (ALM).
  • Measuring Risk from Assets and Liabilities: Understand how to measure risks from assets and liabilities.
  • Tools and Strategies to Manage ALM Risks: Understand tools and strategies to manage ALM risks.
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