Health Insurance Mathematics Course
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Boost your career level with our Health Insurance Mathematics Training | Gain in-depth knowledge about frequency and severity models, compound distributions, calculation of moments and probabilities using recursion | Understand the Bayesian estimation and credibility, claims reserving for non-life insurance using run-off triangle methods, introductory ruin theory | Learn about multiple-decrement models and actuarial calculation bases | Efficiently apply the insurance, annuities, pensions and private health insurance.
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Accreditations & Affiliations
Key Highlights
148 Hours of Instructor-Led Sessions
49 Hours of Live Interactive Doubt Solving Sessions
25 Hours of Live Master Sessions by Industry Experts
288 Hours of Self-Paced Learning
Job-Ready Portfolio of 15 Capstone Projects
77 Auto-Graded Assessments powered by Examopedia
30+ Industry Case Studies
224 Guided Hands-On Exercises
15+ Assignments and Mini Projects
2 Mock Interviews and 3 Hackathons
Get 18 Months Gold Membership of Swiss IMR by Henry Harvin®
Get Internship Support in top MNCs like J.P. Morgan, Accenture & many more via Yuva Intern
Get 3 in 1 Placement support through Placement Drives, Premium access to Job portal & Personalized Job Consulting
12 Hours of Mentorship by Industry Experts
Earn Swiss Certification from Swiss IMR by Henry Harvin® and Dunster Business School Switzerland
About Health Insurance Mathematics Course
Health Insurance Mathematics Course
Swiss IMR by Henry Harvin®️ offers the Health Insurance Mathematics Course, which deals with the mathematical fundamentals of Health insurance. In particular, this course serves as an introduction to actuarial science / insurance economics. It covers basic probabilistic models for the computation of future lifetimes and life-tables, actuarial present values, expected payoffs and safety margins.
The course discusses an overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Emphasis on financially-savvy leadership skills. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The ultimate goal of this course is using such industries effectively and towards a better society.
The key courses offered to the students of Insurance Mathematics can be divided into three areas:
- Mathematics
- Probability and Mathematical Statistics
- Insurance Mathematics
Who Should Attend?
- Those who want to build an actuarial career
- Those who are afraid to approach to a mathematically hard-looking formulas
- Those who are determined to enjoy the actuarial science and financial valuation principles
Agota™ Framework
Agota™ Framework is a versatile 10-in-1 program that includes various aspects of competency development and career development.
- Training: 48 Hours of Two-Way Live Online Interactive Sessions
- Projects: Facility to undergo projects related to Risk Management, Risk Assessment, Mathematical Calculations and more
- Masterclass: Access to 52+ Masterclass Sessions for essential soft skill development
- Student Engagement & Events: Free Access to #AskSwissIMR Hackathons and Competitions & many other facilities from Swiss IMR by Henry Harvin®
- Membership: 18 Months Gold Membership of Swiss IMR by Henry Harvin® for Health Insurance Mathematics Course
- E-Learning: Get free access to the LMS having PPTs, projects, self-paced video-based learning, library, quizzes, question bank, practice tests, final assessments, and a forum, powered by Examopedia
- Hallmark Certification + License: Get course completion Certification and License for Health Insurance Mathematics from Swiss IMR by from Henry Harvin® Govt of India recognized & Award-Winning Institute, and showcase expertise
- Internship Support: Get Internship Support with Swiss IMR by Henry Harvin® and in top MNCs like J.P. Morgan, Accenture & many more via Yuva Intern
- Entrepreneurship Mentorship: Mentorship from Young Successful Entrepreneurs to set up a sustainable & scalable Business from scratch at both Freelance & Entrepreneur level
- Placement Support: Get 3 in 1 Placement support through Placement Drives, Premium access to the Job portal & Personalized Job Consulting
Expert Medical Trainers
- Most respected industry experts with 20+ years of working experience and recognized by numerous organizations over the years for their work
- They have delivered 350+ keynote classes for the Health Insurance Mathematics Course
- Have delivered 400+ lectures and are currently empaneled as domain experts with Swiss IMR by Henry Harvin®
Alumni Status
Become a part of the Elite Swiss IMR by Henry Harvin® and join the 4,60,000+ large Alumni Network Worldwide.
Gold Membership Benefits
- Avail to 18 Months Gold Membership of Swiss IMR by Henry Harvin®
- Get free E-Learning Access through recorded Videos, Games, Projects, CPDSPe Studies powered by Examopedia Access
- Attend Global Master Sessions with recognized Medical Experts across healthcare, management and research
- Get the Swiss Alumni Status with prestigious Dual Recognition from Henry Harvin® and Dunster Business School, Switzerland
- Get virtual Internships via Yuva Intern
- Gain Swiss Certification in the Health Insurance Mathematics Course
Learning Benefits
- Access to E-Learning Portal
- Learn from the latest Industry trend Curriculum
- Earn globally recognized Certification
- Learn basic and advanced Fundamentals of Insurance
- Get specialization in areas such as risk management, finance, pension schemes, mathematical modeling in theory of probability, statistics of clinical trials & data analysis
- Understand multiple-decrement models and actuarial calculation bases
- Gain mastery over expecting present values of payment streams (for premiums and benefits)
- Learn about equivalence principle and actuarial reserves
- On completion of the course, become eligible for various Job Roles
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Health Insurance Mathematics Course Curriculum
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Module 1: Introduction to Health Insurance
Understand the concept of health insurance and its importance. Identify different types of health insurance policies. Analyze the structure of health insurance markets.
- Definition and Importance of Health Insurance
- Types of Health Insurance Policies
- Structure of Health Insurance Markets
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Module 2: Health Insurance Premiums
Understand the concept of health insurance premiums. Analyze different factors affecting health insurance premiums. Apply mathematical models to determine health insurance premiums.
- Introduction to Health Insurance Premiums
- Factors Affecting Health Insurance Premiums
- Mathematical Models for Health Insurance Premiums
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Module 3: Health Risk Assessment
Understand the concept of health risk assessment. Analyze different methods of health risk assessment. Apply health risk assessment techniques to real-world scenarios.
- Introduction to Health Risk Assessment
- Methods of Health Risk Assessment
- Application of Health Risk Assessment Techniques
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Module 4: Health Insurance Claims
Understand the concept of health insurance claims. Analyze different types of health insurance claims. Apply mathematical models to determine health insurance claims.
- Introduction to Health Insurance Claims
- Types of Health Insurance Claims
- Mathematical Models for Health Insurance Claims
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Module 5: Health Insurance Underwriting
Understand the concept of health insurance underwriting. Analyze different methods of health insurance underwriting. Apply health insurance underwriting techniques to real-world scenarios.
- Introduction to Health Insurance Underwriting
- Methods of Health Insurance Underwriting
- Application of Health Insurance Underwriting Techniques
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Module 6: Healthcare Cost and Utilization Analysis
Understand the concept of healthcare cost and utilization analysis. Analyze different methods of healthcare cost and utilization analysis. Apply healthcare cost and utilization analysis techniques to real-world scenarios.
- Introduction to Healthcare Cost and Utilization Analysis
- Methods of Healthcare Cost and Utilization Analysis
- Application of Healthcare Cost and Utilization Analysis Techniques
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Module 7: Health Insurance Regulation
Understand the concept of health insurance regulation. Analyze different regulatory frameworks for health insurance. Apply health insurance regulation techniques to real-world scenarios.
- Introduction to Health Insurance Regulation
- Regulatory Frameworks for Health Insurance
- Application of Health Insurance Regulation Techniques
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Module 8: Health Insurance Fraud Detection
Understand the concept of health insurance fraud. Analyze different methods of health insurance fraud detection. Apply health insurance fraud detection techniques to real-world scenarios.
- Introduction to Health Insurance Fraud Detection
- Methods of Health Insurance Fraud Detection
- Application of Health Insurance Fraud Detection Techniques
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Module 9: Health Insurance Risk Management
Understand the concept of health insurance risk management. Analyze different risk management strategies for health insurance. Apply health insurance risk management techniques to real-world scenarios.
- Introduction to Health Insurance Risk Management
- Risk Management Strategies for Health Insurance
- Application of Health Insurance Risk Management Techniques
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Module 10: Health Insurance Analytics
Understand the concept of health insurance analytics. Analyze different methods of health insurance analytics. Apply health insurance analytics techniques to real-world scenarios.
- Introduction to Health Insurance Analytics
- Methods of Health Insurance Analytics
- Application of Health Insurance Analytics Techniques
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Module 11: Actuarial Analysis in Health Insurance
Understand the concept of actuarial analysis in health insurance. Analyze different actuarial techniques used in health insurance. Apply actuarial techniques to real-world scenarios in health insurance.
- Introduction to Actuarial Analysis in Health Insurance
- Actuarial Techniques Used in Health Insurance
- Application of Actuarial Techniques in Health Insurance
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Module 12: Health Insurance Pricing and Reserving
Understand the concept of health insurance pricing and reserving. Analyze different methods of health insurance pricing and reserving. Apply pricing and reserving techniques to real-world scenarios in health insurance.
- Introduction to Health Insurance Pricing and Reserving
- Methods of Health Insurance Pricing and Reserving
- Application of Pricing and Reserving Techniques in Health Insurance
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Module 13: Long-term Care Insurance
Understand the concept of long-term care insurance. Analyze different types of long-term care insurance policies. Apply mathematical models to determine long-term care insurance premiums.
- Introduction to Long-term Care Insurance
- Types of Long-term Care Insurance Policies
- Mathematical Models for Long-term Care Insurance Premiums
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Module 14: Disability Insurance
Understand the concept of disability insurance. Analyze different types of disability insurance policies. Apply mathematical models to determine disability insurance premiums.
- Introduction to Disability Insurance
- Types of Disability Insurance Policies
- Mathematical Models for Disability Insurance Premiums
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Module 15: Health Insurance Products for Special Populations
Understand the concept of health insurance products for special populations. Analyze different health insurance products for special populations. Apply health insurance product design techniques to real-world scenarios.
- Introduction to Health Insurance Products for Special Populations
- Health Insurance Products for Elderly and Chronically Ill Populations
- Health Insurance Products for Low-income and Underserved Populations
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Module 16: Health Insurance and Healthcare Reform
Understand the concept of healthcare reform and its impact on health insurance. Analyze different healthcare reform initiatives and their impact on health insurance. Apply health insurance reform strategies to real-world scenarios.
- Introduction to Health Insurance and Healthcare Reform
- Healthcare Reform Initiatives and their Impact on Health Insurance
- Application of Health Insurance Reform Strategies
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Module 17: Behavioral Economics in Health Insurance
Understand the concept of behavioral economics in health insurance. Analyze different behavioral economics principles and their impact on health insurance. Apply behavioral economics principles to real-world scenarios in health insurance.
- Introduction to Behavioral Economics in Health Insurance
- Behavioral Economics Principles and their Impact on Health Insurance
- Application of Behavioral Economics Principles in Health Insurance
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Module 18: Health Insurance and Big Data
Understand the concept of big data and its impact on health insurance. Analyze different big data techniques used in health insurance. Apply big data techniques to real-world scenarios in health insurance.
- Introduction to Health Insurance and Big Data
- Big Data Techniques Used in Health Insurance
- Application of Big Data Techniques in Health Insurance
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Module 19 : Health Insurance and Telemedicine
Understand the concept of telemedicine and its impact on health insurance. Analyze different telemedicine technologies used in health insurance. Apply telemedicine technologies to real-world scenarios in health insurance.
- Introduction to Health Insurance and Telemedicine
- Telemedicine Technologies Used
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Module 20: Risk Management in Health Insurance
Understand the concept of risk management and its importance in the health insurance industry. Understand the different types of risks involved in health insurance. Analyze risk management strategies for health insurance companies.
- Types of Risks in Health Insurance
- Risk Management Strategies for Health Insurance Companies
- Evaluating Risk in Health Insurance
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Module 21: Health Insurance Pricing and Underwriting
Understand the process of health insurance pricing and underwriting. Analyze the factors that affect health insurance premiums. Understand the role of mathematics in health insurance pricing and underwriting
- Health Insurance Pricing
- Health Insurance Underwriting
- Actuarial Techniques for Health Insurance Pricing and Underwriting
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Module 22: Health Insurance Policy Design and Claims Management
Understand the process of health insurance policy design. Analyze the different types of health insurance policies. Understand the process of claims management in health insurance.
- Types of Health Insurance Policies
- Health Insurance Policy Design
- Claims Management in Health Insurance
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Module 23: Health Insurance Regulations and Compliance
Understand the regulatory framework for health insurance. Analyze the impact of regulations on the health insurance industry. Understand the role of compliance in the health insurance industry
- Regulatory Framework for Health Insurance
- Impact of Regulations on Health Insurance Industry
- Compliance in Health Insurance
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Module 24: Emerging Trends in Health Insurance
Understand the emerging trends and challenges in the health insurance industry. Analyze the impact of technology on the health insurance industry. Understand the role of mathematics in addressing emerging trends and challenges in the health insurance industry.
- Emerging Trends and Challenges in Health Insurance Industry
- Impact of Technology on Health Insurance Industry
- Role of Mathematics in Addressing Emerging Trends and Challenges in Health Insurance Industry
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Module 25: Health Insurance Analytics and Data Science
Understand the importance of data analytics in health insurance. Analyze the different types of data used in health insurance analytics. Understand the role of data science in health insurance decision-making
- Importance of Data Analytics in Health Insurance
- Types of Data Used in Health Insurance Analytics
- Role of Data Science in Health Insurance Decision-Making
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Complementary Module 1: Soft Skills Development
- Business communication
- Preparation for the Interview
- Presentation Skills
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Complimentary Module 2: Resume Writing
Resume Writing
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Certifications
Get Ahead with Henry Harvin® Health Insurance Mathematics Course Certification
What you'll Learn in this course
Definition and Importance of Health Insurance
Health Insurance Premiums
Methods of Health Risk Assessment
Healthcare Cost and Utilization Analysis
Actuarial Analysis in Health Insurance
Disability Insurance
Emerging Trends in Health Insurance
Skills Covered
Insurance
Mathematics
Risk Assessment
Utilization Techniques
Analytics
Fraud Detection
Job Profiles
Health Insurance Actuary
Healthcare Data Analyst
Health Policy Analyst
Consultant in Health Economics
Risk Management Specialist
Reinsurance Analyst
Frequently Asked Questions
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What is insurance math called?
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.
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How is math used in insurance?
Math is used in the insurance industry to set premiums, determine risks, and stay competitive. Statistics are used to determine the likelihood of obtaining clients. Part of this process involves setting the premiums to sign clients, and still making a profit
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Why is it important to study mathematics?
Mathematics provides an effective way of building mental discipline and encourages logical reasoning and mental rigor. In addition, mathematical knowledge plays a crucial role in understanding the contents of other school subjects such as science, social studies, and even music and art.
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How does math benefit the brain?
Math enhances analytical thinking and problem-solving skills, fosters systematic and logical thinking, and broadens the mind to handle unfamiliar tasks with confidence, among other benefits.
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What models are used in insurance mathematics?
Mathematical models have been used in insurance for a long time. One of the first was the Gompertz mortality law; a more-centered model, which has been intensively studied is the Coml)ound Poisson l)distribution in Lundberg's risk theory. When a model is introduced, one usually proceeds by stages
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What are the 5 main types of insurance?
Some of the kinds of general insurance offered in India are as follows :
- Health Care Coverage
- Automobile Insurance
- Homeowners' Insurance
- Insurance against fire
- Insurance for Travel
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What is the purpose of insurance?
Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this by substituting payment of a small, known fee—an insurance premium—to a professional insurer in exchange for the assumption of the risk of a large loss, and a promise to pay in the event of such a loss.
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How is calculus used in insurance?
Primary duties: Insurance underwriters analyze the data of people who want to buy insurance policies to evaluate their company's exposure to risk. These professionals use calculus to make predictions and assess the risk a policyholder poses to their insurance company.
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What is risk in insurance?
Definition of 'risk' in insurance is the "uncertainty of the occurrence of an event that can cause economic losses".
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What is the concept of insurance?
Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
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How is probability used in insurance?
Theory of Probability In Insurance: The theory of probability is a statistical method used to predict the likelihood of a future outcome as discussed earlier. This method is used by insurance companies to study statistics to calculate and manage risk as a basis for crafting a policy or arriving at a premium rate.
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What is double insurance?
Double insurance. Previous Next. (1) Where two or more policies are effected by or on behalf of the insured on the same adventure and interest or any part thereof, and the sums insured exceed the indemnity allowed by this Act, the insured is said to be over-insured by double insurance.
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Can a person have 2 types of insurance?
Having dual coverage is perfectly legal—you just need to coordinate your two benefits correctly to ensure your medical expenses are covered compliantly. If you're new to dual insurance, you've come to the right place!
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What is an insurance claim form?
A claim form is the document that tells your insurance company more details about the accident or illness in question. This will help them determine if the expenses you are claiming for are covered under your insurance plan or not, so the more information on this form the better.
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What is the basic principle of health insurance?
In insurance, there are 7 basic principles that should be upheld, i.e. Insurable interest, Utmost good faith, proximate cause, indemnity, subrogation, contribution and loss of minimization.
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How many types of health insurance are there?
Health insurance encompasses two types - Indemnity Plans and Definite Benefit Plans. The indemnity plans are traditional health covers that cover hospitalization costs from the sum assured. Definite benefit plans offer lump-sum payments on the detection of illness. For those who are suffering from critical diseases
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What is the principle of contribution in health insurance?
The principle of contribution states that if the loss arises and you have taken more than one insurance policy, then the loss will be covered by the policies based on the proportion of the coverage the insurance policy provides.
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I have registered for an online course. What happens next?
After enrolling in a class at Swiss IMR by Henry Harvin, you will be assigned a Confirmation Email. Next you will be assigned to a relationship manager of our support team who will guide you further with the process of getting linked with our trainers and obtain the class schedule.
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How do I have to pay?
You can pick and choose form 6 available options, Option 1: Pay on henryharvin.com
Option 2: Pay using a common link
Option 3: Pay using Account Details For India,
Option 4: Pay using Account Details For International,
Option 5: Pay Global Using Stripe,
Option 6: Pay using Mobikwik. Get discount up-to Rs 1000*. Check out the link to pay fee- Pay fee
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Is my personal information secure?
We use the best standards in Internet security. Any data retained is not shared with third parties.
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How will I receive my certificate after completing the course?
You will receive the digital certificate post training completion via learning enhancement tool after registration. However you can also get the hardcopy of the course on request.
