Chapter 1: Preparation

In this chapter, you will set up the tools needed for building cash flow models in Python. We will guide you through installing Python and a code editor (IDE) so that you can write and run your models efficiently. By the end, your system will be ready for hands-on exercises in the course.

Welcome and course overview

Python installation

IDE installation

Chapter 2: Term Life

In this chapter, you will build your first actuarial model for a term life insurance policy using Python. You will learn to prepare input data, calculate survival probabilities, expected benefits, and finally determine the net single premium. By the end, you will have a fully functional model that demonstrates the core principles of term life cashflow modelling.

Introduction to Term Life modelling

Model files

Input data

Model point set

Survival rate

Code for importing data

Code for survival rate

Survival rate results

Expected benefit & Net single premium

Code for Expected benefit

Code for Net single premium

Net single premium result

Full code (Term Life)

Chapter 3: Term Annuity

Introduction to Term Annuity modelling

How long are the benefits paid?

Input data

Code for Model Point Set

Code for interest rate

Survival rate & Expected benefit

Code for Expected benefit

Expected benefit result

Actuarial Present Value

Code for Actuarial Present Value

APV result

Full code (Term Annuity)