Oct 01, 2020  
2018-2019 Undergraduate Catalog 
    
2018-2019 Undergraduate Catalog [ARCHIVED CATALOG]

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MATH 417B - Short-Term Actuarial Mathematics II


Description:
Mathematical tools for short-term insurance, including construction and selection of parametric models and credibility procedures. Course will be offered on even numbered years (Winter).

Prerequisites:
Prerequisite: MATH 417A with a grade of C or higher.

Credits: (4)

Learner Outcomes:
After successful completion of this course, students will be able to:

  • Estimate parameters for severity, frequency, and aggregate distributions using Maximum Likelihood Estimation.
  • Estimate parameters for severity, frequency, and aggregate distributions using Bayesian Estimation
  • Choose an appropriate model, using both hypothesis tests and score-based approaches.
  • Estimate losses using classical and Bayesian credibility.
  • 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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