Probability for Risk and Insurance

COURSE OVERVIEW

This course prepares potential actuaries for international
actuarial and risk management accreditation exams, such as SOA P, IFoA CS 1 , and CFA Level 1. It focuses on fundamental probability tools essential for quantitative risk assessment and ntroduces key concepts in risk and insurance. Participants will learn about random variables, distributional quantities, raw and centered moments, conditional probability, some probability distributions and applying these tools to solve basic actuarial science problems.

KEY TOPICS COVERED

Refresh on University Calculus I, Descriptive Statistics and Counting Methods.
Probability: Rules and Bayes ’ Theorem.
Random Variables and Usual Probability Distributions.
Applications in Insurance and Risk Management.

TARGET AUDIENCE

University students
Candidates for SOA, IFoA , and CFA Level I exams
Employees in banking, finance, and insurance sectors

University School Calculus or Equivalent

132 hours
(44 contact hours + 88 independent learning hours)

3 Assignments: 30%.
2 Quizzes: 30%.
Final Exam: 40%.

Brochure



Instructor

^{Dr. Babacar Seck}



Domain

^{Mathematics / Science}



Date

^{To be announced}



No of Students

²⁵



Hours

^{132 hours}



Duration

^{8 weeks}

=

Credit Points

³



Degree Program

^{Bachelor of Actuarial Science (can count towards STAT 271)}



Fees

^{240 BHD}

R

Level

^{Undergraduate}



Language

^English



Venue

^{University of Bahrain}

}

Time

^TBA

Register Now

CONTACT

^{For further Information, please contact:
Mr. Mohammed Al-Hooti
Tel: +973-33777339
Email: malhooti@uob.edu.bh}