Modeling Specialist at Life Company

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

CP 312
Model Development and Governance ▼
  • Cash Flow Models for Long-Term Insurance Business: Understand, develop, apply, and evaluate cash flow models for various types of long-term insurance business. The candidate will demonstrate an understanding of the underlying modeling methodologies: their strengths, limitations, and applications.
  • Non-Cash Flow and Supplementary Models for Financial Business: Understand, apply, and evaluate non-cash flow and supplementary models for various types of long-term insurance business. The candidate will demonstrate an understanding of the underlying methodologies: their strengths, limitations, and applications.
  • Model Governance: Understand and be able to apply appropriate model governance to assess and address issues common to the development and management of models.
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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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