Fall 2024 Actuarial Science PS5621 section D01

INVESTMENT & ALM FOR ACTUARIES

INVESTMENT & ALM FOR ACTU

Call Number 12182
Day & Time
Location
MW 7:40pm-8:55pm
ONLINE ONLY
Points 3
Grading Mode Standard
Approvals Required None
Instructors Dariush Akhtari
Lina Xu
Type ONLINE COURS
Method of Instruction On-Line Only
Course Description

The goal of this elective course is to provide you with a broad understanding of fixed income securities and how they are used for asset liability management (ALM) in financial institutes. This course is designed for individuals who currently work or plan to work as insurance and financial professionals such as actuaries, traders, and quants. The course builds on concepts introduced in several of the program’s core courses and emphasizes the application of theories. The course covers content adapted from the SOA syllabus for fellowship exams and is split into four parts: interest rate risk measurements, interest rate management—ALM strategy, ALM decision-based asset allocation, and value-based management. In this course, you will learn several ALM techniques related to mitigating interest rate risks, managing risk and return trade-offs, and setting strategic asset allocation (SAA) to achieve an optimized risk/return portfolio. Additionally, you will be introduced to the concepts of value-based management and economic value of liabilities. Completing this course will give you a fundamental basis for understanding ALM in financial organizations and further prepare you to apply these concepts in real-life situations under both generally accepted accounting principles (GAAP) and market consistent approaches.

Web Site Vergil
Department Actuarial Science
Enrollment 14 students (30 max) as of 9:05PM Monday, December 2, 2024
Subject Actuarial Science
Number PS5621
Section D01
Division School of Professional Studies
Note PRIORITY TO ACTU; OPEN TO CU. ONLINE ONLY.
Section key 20243ACTU5621KD01