MATH 419A - Long-Term Actuarial Mathematics I

Description:
Mathematical tools for long-term insurance, including key features of long-term coverage and survival models and their estimation. Course will be offered on even 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:

Compare and contrast long-term coverages in insurance (life, health, general) and retirement benefits (pensions, retiree health care).
Estimate survival models using nonparametric methods.
Formulate Markov chain survival models.
Estimate model quantities using approximations for fractional ages.
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

Anticipated Course Offering Terms and Locations: