This course provides a comprehensive exploration of actuarial mathematics, focusing on key actuarial methods essential for effective modeling in insurance. Students will learn foundational principles of ratemaking, reserving, and risk assessment for both short-term and long-term insurance coverages. The curriculum covers severity, frequency, and aggregate models, credibility theory, and mortality modeling. Practical applications are emphasized, equipping students with skills to analyze risk scenarios, apply statistical techniques, and utilize actuarial tools to solve complex problems in insurance and risk management. Prerequisites: MATH/BUSA 331 (Financial Mathematics) and MATH 441 (Probability).
| Distribution Area | Prerequisites | Credits |
|---|---|---|
| MATH/BUSA 331 and MATH 441 | 1 course |