25 courses in the 1982–83 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
The theory of rates of interest and discount. Annuities and sinking funds with practical applications to mortgage and bond questions. Yield rates. Prereq: At least second year standing. N.B.: Credit will be granted for only one of ACTSC 221, 231. ACTSC 221 cannot be counted for credit toward a BMath Honours Actuarial Science degree.
An introduction to the mathematical basis underlying insurance and other types of financial programs including uncertain future events and discounting.
Prereq: ACTSC 221
Credit will be granted for only one of ACTSC 222, 232. ACTSC 222 cannot be counted for credit toward a BMath Honours Actuarial Science degree.
The theory of rates of interest and discount including the theoretical continuous case of forces of interest and discount. Annuities and sinking funds, including the continuous case. Practical and theoretical applications, primarily to mortgages and bonds. Yield rates.
Prereq: MATH 130a/b
Credit will be granted for only one of ACTSC 221, 231.
Application of probability to problems of tife and death including population theory for the stationary case. The determination of single and annual premiums for insurances and annuities in both the discrete and continuous case. An introduction to actuarial reserves.
Prereq: ACTSC 231 and MTHEL 305a Credit will be granted for only one of ACTSC 222, 232.
Reserves, company expenses and premium and cash vatue calculations.
Course Descriptions
Mathematics.
Actuarial Science
Multiple decrement theory. Methods for gross premiums. Dividend formulae. Accidental death and disability benefits. Prereq: ACTSC 232
insurances and annuities. Simple and compound contingent functions and reversionary annuities. Other special benefits.
Prereq: ACTSC 232
Application of the theory of finite differences to the development of function approximations primarily by collocation and osculatory polynomials. Analysis of error in such approximations. Summation formulae. Introduction to data graduation.
Prereq: MATH 120b, 124b
Continuation of ACTSC 337. Approximate integration and differentiation. Iteration, theory and methods of data graduation. Prereq: ACTSC 337 or consent of instructor.
Monte Carlo Theory. Distribution of
Aggregate claims. Classification of Risk.
Calculations of net premiums and reinsurance premiums. Ruin theory. Utility theory.
Methods of analysis of data to produce
raw rates for mortality, morbidity and other tables.
Prereq: ACTSC 232, or consent of instructor. ‘
Topics in demography with emphasis on population projections, mortality theories, and construction of life tables. Prereq: ACTSC 232, or consent of instructor.
The effects of medical and non-medical risk factors on bodily systems are explored to determine the amount and incidence of additional morbidity and mortality. Techniques for expressing the increased risk in premiums and reserves are investigated.
Coreq: MTHEL 305b, ACTSC 331
A further selection of topics on medical and non-medical risks and indemnity. Prereq: ACTSC 451
Theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied to private pensions. Concepts of Normal Costs, Supplemental Liability, Unfunded Liability arising from individual Accrued Benefit and Projected Benefit cost methods. Prereq: ACTSC 332, or consent of instructor.
Group and other generalized cost methods for Pension plans. Effects of early retirements, plan design and actuarial assumptions on Pension costs. Cost forecasts applied to private and public pension pians - in particular to the CPP.
Prereq: ACTSC 453, or consent of instructor.
Topics in insurance financial reporting including amortization of gains, the
Canadian methad of.actuarial reserves, investment and.currengy reserves, and the analysis of gains and losses. Prereg: ACTSC 331, or consent of instructor.
Taxation of life insurance, insurance companies and employee benefits. Prereq: ACTSC 332, MTHEL 305a and : 305b
Topics in Canadian and American Insurance Law.
Prereq: ACTSC 331, MTHEL 305a and 305b
Topics in casualty insurance chosen from areas such as coverages, ratemaking and underwriting.
Prereq: ACTSC 232
Not offered 1982-83.
Not offered 1982-83.