My Skill Lab
Insurance · Actuarial & Pricing FinanceAdvanced

Actuarial and Pricing Basics for Insurance Staff

The numbers behind premiums, reserves and solvency, without the jargon.

Taught by My Skill Lab Insurance Faculty · Insurance Practitioners

What you'll learn

  • Build a risk premium from frequency and severity and load it for expenses, commission and margin.
  • Explain how life premiums depend on mortality, interest and expenses, and why reserves are needed.
  • Read a claims development triangle and estimate outstanding claims with the chain-ladder method.
  • Use experience studies (loss ratio, mortality, lapse) to challenge pricing assumptions.
  • Explain how pricing and reserving feed risk-based capital and ORSA under the Authority's directives.

About this course

An introduction to actuarial thinking for underwriters, finance, product and risk staff at Nepali insurers. Learn how premiums are built, how life and non-life reserves are estimated, how to read loss triangles and experience studies, and how risk-based capital and ORSA connect pricing and reserving to solvency under the Nepal Insurance Authority's regime.

Course content

5 lessons
  1. 1How a Premium Is BuiltExpected claims, expenses, commission and margin.Preview
  2. 2Life Pricing: Mortality, Interest and ExpensesWhy life premiums depend on three assumptions and how reserves arise.
  3. 3Non-Life Reserving and Loss TrianglesEstimate outstanding claims and IBNR with the chain-ladder method.
  4. 4Experience Studies and Rate AdequacyUse actual results to challenge and update assumptions.
  5. 5From Pricing to Capital: Risk-Based Capital and ORSAHow assumptions flow into solvency under the Authority's directives.