This senior capstone course emphasizes group work and discussions, allowing students to apply actuarial models, risk analysis techniques, and risk management strategies to various insurance domains, including Auto, Health, Life, and Property & Casualty, etc. Students will collaborate in groups on projects utilizing public data from the Society of Actuaries, Casualty Actuarial Society, and other industry resources to model, price insurance products, mitigate risks through risk identification, assessment, and control measures, and develop risk management plans. Through these projects, students will leverage statistical, analytical, and data analytics methods to conduct research on real-world datasets, gaining practical experience in addressing complex actuarial, risk management, and risk financing challenges while enhancing problem-solving, teamwork, communication, and risk management skills essential for future careers in the insurance and financial industry. Prerequisite: MATH/BUS 331 or MATH/BUS 336, MATH 441, and one upper-level statistics course from the list (MATH 341, MATH 348, BUS 305, ECON 385, ECON 450, FIN 451).
| Distribution Area | Prerequisites | Credits |
|---|---|---|
| MATH/BUS 331 or MATH/BUS 336, MATH 441, and one upper-level statistics course from the list (MATH 341, MATH 348, BUS 305, ECON 385, ECON 450, FIN 451) | 1 course |