LI-AMPA Certification at a Glance
EdvanceSkill’s Life Insurance Modeling Pricing & Analysis (LI-AMPA) Certification Program focuses on core actuarial skills applied in real world.
- Best way to structure the actuarial models for different life insurance products like Term Insurance, Unit Linked, Whole Life & Endowment
- Perform different kinds of actuarial analysis on results produced from these model
- Use the model to derive the perform pricing of these insurance product
Course Highlights
22 Modules
250+ Hours Of Learning
Duration
180 Days Access
Bonus Offerings
1 Year Free Access
Course Format
Recorded media
Certificate
Verifiable & Shareable
Developed by Experts
Real world projects
Regular Course Upgrade
Community Support & Networking
5 Star Ratings
Skills You Will Acquire
LIAMPA Certification delivers core actuarial learning through its 22 comprehensive modules. By the end of this certification, you would be upskilled with most prominent actuarial skills – Modeling, Pricing & Reserving.
Focus will be on different aspects of multiple conventional and linked life insurance product. Learning will be solidified through numerous case-studies from real world scenarios.
Designed to deliver the content in a very structured manner, Modules have been grouped into 4 parts.
Module 1 - 7
These modules will focus on building modeling skills while developing a conventional life insurance product. Some of the topics are :
- Understanding Different Components of Model
- Process of Modeling
- Model Design / Structure
- Model Decisions, Approximations & Judgement
- Building Inputs : Data & Assumptions
- Monthly Cashflow Projection
- Decrement Modeling
- Calculating Reserves, Profit Signature & Solvency
- Building Metrics & Analysis Tools
- Building Automations
- Extending Model Capabilities
- Exercises, Quizzes & Assignments
Module 8 to 11
These modules will discuss advanced aspects of modeling. Some of the topics are :
- Model Governance
- Best Practices of Modeling
- Optimization
- Understanding Errors in the Model
- Validation Methods
- Model Development Lifecycle
- User Acceptance Testing
- Developing Analysis & Testing Template
- Different Types of Model Documentation
- Exercises, Quizzes & Assignments
Module 12 to 16
These modules will discuss pricing & analysis through use of model. Some of the topics are :
- Product Design
- Process of Pricing & Its Iterative Nature
- Calculation Methods
- Profit Criterion
- Building Premium Rate Calculation Functionality
- Premium Adjustment Methods
- Considering Business Strategy
- Building Financial Projections
- Analysis - Sensitivity, Scenario & Stress Testing
- Reporting to the Regulator
- Pricing Controls
- Exercises, Quizzes & Assignments
Module 17 to 22
These modules will discuss modeling & pricing in case of linked products. Some of the topics are :
- Understanding the Product
- Model Structure
- Identification of Required Components
- Building the Model
- Extending The Model Capabilities & Complexity
- Understanding the Pricing Process
- Profit Testing
- Considering Business Strategy
- Building Financial Projections
- Analysis - Sensitivity, Scenario & Stress Testing
- Exercises, Quizzes & Assignments
Case Studies
Multiple case studies to enhance your learning through different scenarios. We are constantly adding more case studies to our courses
Bonus Offerings
1-on-1 Doubt Resolutions
Email your doubts & we will revert back with answers. If required, we can arrange a 1-on-1 call with our experts
Recruiter Network
We use our community & industry connections to keep updated about vacancies & assist them grab the best opportunities
Bonus Content
Additional content to enhance your learning
Webinars & Guest Lectures
1 Year free access to all our events
Micro Courses Access (Coming Soon)
1 Year free access to all our Udemy courses
Assist in Job Readiness
On-demand help in resume building & mock interviews to grab the best opportunities
Access to Premium Content
1 Year Free Access to our Premium Infographics, Newsletter & Technical content
Community Support & Networking
We keep the actuarial community active and connected, so this family only gets larger with time
Who Would Benefit From LI-AMPA Certificate ?
Students
Early in your career this is opportunity to gain real-world experience & develop valuable skills. Practical learning can help you learn concepts better and clear exams quicker
Freshers/Job-Seekers
Helps you build strong network & resume with real-world experience. Credentials from this program gives you edge over peers when you're applying for openings.
Professionals
Professionals planning career changes or just seeking skill enhancement. This certification will help you build relevant credentials & confidence for a successful career.
How LI-AMPA Program Works ?
Step 1 : Learn Sequentially
Complete Modules
- Access to 2 Modules Every Week
- 22 Comprehensive Modules
- 250+ Hours of Learning
- Additional : Case Studies, Assignments, Quizzes & Bonus Material
Step 2 : Implement
Certification Assignment
- Submit the Final Assignment
- Get Improvement Feedback
Step 3 : Badge
Get LI-AMPA Certified
- Block-Chain Digital Certificate
- Verifiable & Sharable
- Available Anytime
Accreditation
Recommendations
Senior Actuaries From Top Companies & Students from Best Universities Across the Globe Recommend Our Courses
Upskill With LI-AMPA Certification
Earn your certificate
Our programs are exhaustive and this certificate is proof that you have taken a big leap in mastering the skill
Differentiate yourself with this certificate
The knowledge and skills you’ve gained working on projects and case studies will set you ahead of the competition
Share your achievement
Boost your resume, share on social media & get noticed by recruiters
Cost For LIAMPA Certification
FAQs : LI-AMPA Certification
No. Although this course focuses on Life Insurance Products, but most of the actuarial concepts and methods remain the same across different lines of business. At this point, understanding the core actuarial work is more important that the actual calculations because that can be easily adapted.
After this certification, you will be able to build actuarial models for insurance products and use it to project cashflows, calculate reserves, price the product, build financial statements & analyze the results.Infact, you will be able to build financial models for non-insurance products too.
This is a sequential program, where you will get access to 2 modules every week. Within 90 days you will have access to whole course material. We have designed the structure to make sure students donot skip the content and assignments for the sake of completing course quickly.
MS Excel - the most popular software used worldwide.
Absolutely yes. Its correct that most large companies use licensed software. But, excel model is still widely used as independent checking & reviewing tool. Once you understand the implementation of actuarial concepts in excel model, its just a matter of knowing the software navigation in specialized softwares.
Reviews from students who have taken EdvanceSkill courses and the LIAMPA certification program include numerous stories about how people have been able to advance their careers. There is a proven track record of EdvanceSkill graduates marking successful transitions into the careers of their dreams and this is based largely on the resources that we make available to our students upon enrolment. Our training is designed to be fully practical and simulates the experience of being trained as a professional actuarial analyst. Additionally, we offer a wealth of information through our newsletter, bonus material & regular updation of the course. The unique blend of all these elements is what sets us apart when it comes to giving you all the tools you need to create a successful career as actuarial professional.
No. Infact, completing the course early creates a solid foundation to grasp the new actuarial concepts better, because you will have practical know how to visualize it. And, this can help you clear actuarial exams with better learning & lesser efforts.
This program is based on the experience of senior actuaries. Yes, you can self-learn but you might already know its a slow process. In early years, jobs offers narrow focus on small parts of bigger projects. That makes it very difficult to get a high-level understanding of what is going in other actuarial functions. Learning fast is a choice based on how ambitious you are for your actuarial career!