This course is an introduction to life contingencies as applied in actuarial practice. Topics include present value random variables for contingent annuities and insurance, their distributions and actuarial present values, equivalence principle, and other principles for determining premiums.
This course consists of life insurance as well as non-life insurance mathematics. Topics include insurance and annuity reserves, characterization of discrete and continuous multiple decrement models, paid and incurred loss develop- ment, loss reporting and settlement delay.
This course provides an introduction to fitting and validating actuarial models, including estimating loss distributions and applying credibility theory, tests of goodness-of-fit for frequency and severity distributions, and credibility of information obtained from various sources.
This course introduces the student to the practical considerations of actuarial modeling taught through a seminar format. The interactive approach of the seminar requires students to draw upon knowledge from the basic actuarial courses and learn modeling skills in a hands-on environment. This course emphasizes communication skills, teamwork, and synthesis of subjects in an applied setting. Professional standards applicable to actuarial work are reviewed.