Sep 29, 2020  
2018-2019 Undergraduate Catalog 
    
2018-2019 Undergraduate Catalog [ARCHIVED CATALOG]

Add to Portfolio (opens a new window)

MATH 419C - Long-Term Actuarial Mathematics III


Description:
Mathematical tools for long-term insurance, including net premium reserves, modified reserves, gross premium reserves, expense reserves, and applications of long-term insurance tools to pension plans and retirement benefits. Course will be offered on on odd numbered years (Spring).

Prerequisites:
Prerequisite: MATH 419B with a grade of C or higher.

Credits: (3)

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

  • Value net premium reserves, modified reserves, gross premium reserves, and expense reserves.
  • Compare and contrast common profit measures.
  • Evaluate actuarial accrued liability and normal cost for retirement plans.
  • Evaluate the expected present value of future benefits, the accumulated postretirement benefit obligation, and normal cost or service cost for retiree health care plans.
  • Assess the impact of changes in underlying valuation assumptions on pension and retiree health care plans.
  • 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



Add to Portfolio (opens a new window)