Mar 29, 2024  
2018-2019 Undergraduate Catalog 
    
2018-2019 Undergraduate Catalog [ARCHIVED CATALOG]

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MATH 417A - Short-Term Actuarial Mathematics I


Description:
Mathematical tools for short-term insurance, including severity models, frequency models, aggregate models, coverage modifications, and risk measures. Course will be offered on on odd numbered years (Fall).

Prerequisites:
Prerequisite: MATH 411C and MATH 418C with grades of C or higher.

Credits: (4)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

  • Apply techniques for creating a new family of distributions in severity models (including multiplication by a constant, raising to a power, exponentiation, and mixing).
  • Compare and contrast various frequency models, including Poisson, Mixed Poisson, Binomial, Negative Binomial, Geometric, and mixture models.
  • Solve for relevant parameters and statistics in collective (aggregate) risk models.
  • Evaluate the impact of coverage modifications (including deductibles, limits, and coinsurance) in frequency, severity, and aggregate models.
  • Evaluate projects using risk measures.
  • Design an appropriate actuarial model for a given situation or application.
  • Assess the appropriateness of an actuarial model for a given application.
Learner Outcomes Approval Date:
3/1/18



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