Long-Term Insurance Actuary

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

RET 101
Retirement Plan Design ▼
  • Benefit Plan Structure, Features and Investments: Analyze different types of designs for retirement plans and retirement plan investments.
  • Participant Risks: Analyze the risks faced by retirees and the participants of retirement plans.
  • Sponsor Risks: Analyze the risks faced by sponsors of retirement plans.
  • Benefit Plan Design Recommendation: Evaluate sponsors’ goals for the retirement plan, evaluate alternative plan types and features, and recommend a plan design appropriate to address those goals.
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RET 201
Retirement Plan Valuation ▼
  • Methods: Apply/synthesize the methods and models used to value pension benefits for various purposes.
  • Actuarial Assumptions: Analyze/synthesize the factors that go into selection of actuarial assumptions used in pension valuations.
  • Accounting Standards: Perform valuations and prepare disclosure information for retirement income plans under applicable accounting standards.
  • Investment Risk Management: Recognize and appropriately reflect the role of retirement plan investments in managing plan sponsor risk and make recommendations.
  • Valuations for the Purpose of Funding: Understand the general principles applicable to the funding of retirement income plans and recommend a funding policy.
  • View course page to access the syllabus and see the enhancements.