Sep 27, 2022  
2020-2021 Undergraduate Catalog 
    
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

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MATH 419B - Long-Term Actuarial Mathematics II


Description:
Mathematical tools for long-term insurance, including present value random variables associated with benefits and expenses for survival models, and premium calculations for these models. Course will be offered on on odd numbered years (Winter).

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

Credits: (4)

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

  • Evaluate and interpret probabilities, means, variance, and percentiles for survival models.
  • Estimate the model quantities above using approximation methods.
  • Value premiums based on the equivalence principal, the portfolio percentile premium principle, and profit testing.
  • Assess the effect on premiums of changes in benefits and underlying assumptions.
  • 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:



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