Page 151 - buku panduan 20192020

Faculty of Science Handbook, Session 2019/2020

Assessment: Medium of Instruction:
Continuous Assessment: 40% English
Final Examination: 60%
Soft Skills:
Medium of Instruction: CS2, CTPS3
English
References:
Soft Skills: 1. Klugman, S. A., Panjer, H. H., & Willmot, G. E. (2012).
CS3, CTPS3 Loss models: from data to decisions (Vol. 715). John
Wiley & Sons.
References: 2. Cunningham, R. J. (2011). Models for quantifying risk.
1. McDonald, R. L. (2013). Derivatives markets (3 ed.). Actex Publications.
rd
Pearson Education. 3. Dickson, D. (2010). Insurance risk and ruin.
2. McDonald, R. L. (2009). Fundamentals of derivatives Cambridge University Press.
markets. Pearson Education. 4. Tse, Y. K. (2009). Nonlife actuarial models: Theory,
3. Hull, J. C. (2012). Option, futures and other derivatives methods and evaluation. Cambridge University Press.
(8 ed.). Pearson Education.
th
4. Hull, J. C. (2014). Fundamentals of futures and options
th
markets (8 ed.). Pearson Education. SIQ3007 INDUSTRIAL TRAINING
5. Weishaus, A. (2012). ASM study manual for Exam
MFE/Exam 3F: financial economics (8 ed.). Subject to the training offered by the relevant company.
th

Assessment:
SIQ3005 LIFE INSURANCE AND TAKAFUL Continuous Assessment: 100%

Insurance products and unit-linked insurance; Group Life Medium of Instruction:
insurance; Operation of a Life Insurance company: English
underwriting, claims, marketing and distribution methods;
Profit testing ; Takaful insurance; Regulations: Insurance Soft Skills:
Act, taxation and role of Bank Negara. CS4, CTPS3, TS3, LL2, KK1, EM2, LS1

Assessment:
Continuous Assessment: 40% SIQ3008 PENSION MATHEMATICS
Final Examination: 60%
Economic and social security; Pensions and their variants;
Medium of Instruction: Pension system in Malaysia; Employee Provident Fund
English (EPF); Social Security Organization (SOCSO); Government
pension scheme; Annuity scheme; Modeling pension plans
Soft Skills: using mathematical software; International pension
CS2, CTPS1, LL2 legislation and regulation; Malaysia regulatory framework
related to retirement.
References:
1. Fisher, Omar Clark. (2013). A takaful primer: Basics of Assessment:
Islamic insurance. Thomson Reuters. Continuous Assessment: 50%
2. Archer, S., Karim, R. A. A., & Nienhaus, V. (Eds.). Final Examination: 50%
(2011). Takaful Islamic insurance: Concepts and
regulatory issues (Vol. 764). John Wiley & Sons. Medium of Instruction:
3. Yusof, Mohd Fadzli (2006). Mengenali takaful. IBS English
Buku Sdn Bhd.
4. Gonulal, S. O. (Ed.). (2012). Takaful and mutual Soft Skills:
insurance: Alternative approaches to managing risks. CS3, CTPS3
World Bank Publications.
References:
1. Anderson, A. W. (2006). Pension mathematics for
SIQ3006 RISK THEORY actuaries. Actex Publications.
2. Asher, M. G. (1994). Social security in Malaysia and
Loss distributions: Claim frequency and claim severity Singapore: Practices, issues, and reform directions.
distributions, creating new distributions, parameter
estimation methods, goodness-of-fit tests, risk sharing Malaysia: Institute of Strategic and International
arrangements. Studies.
3. Bakar, S. H. A., & Yunus, F. (2000). Social security
Aggregate risk models: Individual risk models, collective policies in Malaysia: The Employees’ Provident Fund
risk models, reinsurance. (EPF) and Social Security Organisation (SOCSO).
Issues and Challenges of Social Policy East & West,
Run-off triangle: Chain ladder method, average cost per
claims method, Bornheutter-Ferguson method. 187-219.
4. Malaysia.; International Law Book Services. Legal
Credibility theory: Bayesian credibility methods, credibility Research Board. (2013). Undang-undang pencen di
premium formula, empirical Bayes credibility theory. Malaysia: Hingga 10hb Mei 2013. Petaling Jaya,
Selangor Darul Ehsan: International Law Book
Services.
Assessment:
Continuous Assessment: 40%
Final Examination: 60%

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