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

Anticipated Course Offering Terms and Locations: