uwloo

Actuarial Science (ACTSC)

24 courses in the 1984–85 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.

Notes

P.A. Larson, Department of Computer Science

P.J. Ponzo, Department of Applied Mathematics

D. Rotem, Department of Computer Science

J.B. Whitney, Department of Statistics & Actuarial Science

J.C. Young, Department of Statistics & Actuarial Science

STRATEGY BOARD MEMBERS

Mr. M.S. Anderson, Vice President, Information Systems, Simpsons-Sears Limited

Dr. D.C. Baxter, Assistant Auditor General, Control Evaluation Branch

Mr. E.G Burton, President, Pageant Distributors Limited

Mr. G. Corlett, Vice President, Business Services, Noranda Mines Limited

Mr. D. Eckersley, Vice President & Actuary, Dominion Life Assurance Company

Mr. C.A. Hayles, Vice President & General Manager, Marketing, imperial Oil Limited

Mr. R.D. Hossack, Partner, Central Region, Currie, Coopers & Lybrand

Mr. R.G. Logan, Director, External Programs, IBM Canada Limited

Dr. A.K. Mason, Partner, Dejoitte, Haskins & Sells

Mr. R.B. Nally, Director of Engineering, NCR Canada Limited

Mr. E.L. Pursey, Chairman of the Strategy Board, Senior Vice President, Canadian Imperial Bank of Commerce

Dr. C.D. Sadleir, Assistant Vice President, Marketing Services, Bell Canada

Or. O.W. Seaborn, Vice President, Technical Systems Division, Systemhouse Limited

Mr. G.F. Sekely, Vice President, Computers & Communications, Canadian Pacific Limited

Mr. J.S. Wells, Director General, System of National Accounts & Analysis, Statistics Canada

16.87

The Strategy Board was established to provide liaison between the Faculty of Mathematics and knowledgeable representatives from key sectors of the economy. Board meetings are normally held twice a year.

FACULTY OF MATHEMATICS Introductory Notes

1. Courses with the following abbreviations are offered by the Faculty of Mathematics: ACTSC (Actuarial Science), AM (Applied Mathematics), C&O (Combinatorics & Optimization), CS (Computer Science), MATH (non-departmental Faculty courses), MTHEL (Mathematics Elective), PMATH (Pure Mathematics), STAT (Statistics). The course descriptions which follow appear in ascending order by course number within these groups. Unless otherwise indicated, and provided space is available, these courses are normally open to students in any UW faculty, assuming that stated prerequisites have been met.

2. Courses offered by the Faculty of Mathematics which have been designed with the academic needs and backgrounds of students in other faculties in mind are identified by a note following the course description. These courses appear in the sequence described above. They are AM 101, 111; CS 112, 115, 116, 118, 316; MATH 103, 104, 105, 106, 1.10a/b, 111a/b, 113a/b, 114, 115a/b, 210, 211, 212, 213a/b, 215, 216; STAT 202, 204, 210, 300, 304.

Actuarial Science

Courses not offered in the current academic year are listed at the end of this section.

Scanned page 360

ACTSC 221 Mathematics of InvestmentF,W,S 3C 0.5

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 Credit will be granted for only 1 of ACTSC 221, 231. ACTSC 221 carinot be counted for credit toward a BMath Honours Actuarial Science degree.

Scanned page 361ACTSC 221 today

ACTSC 222 ContingenciesF,W 3C 0.5

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 1 of ACTSC 222, 232, ACTSC 222 cannot be counted for credit toward a BMath Honours Actuarial Science degree.

Scanned page 361

ACTSC 231 Mathematics of FinanceF,W,S 3C 0.5

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 1308

Creat will be granted for only 1 of ACTSC 221, 231.

Scanned page 361ACTSC 231 today

ACTSC 232 Introduction to Life ContingenciesF,W,S 3C 0.5

Application of probability to problems of life and death. 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, MTHEL 305a, STAT 230

Credit will be granted for only 1 of ACTSC 222, 232.

Scanned page 361ACTSC 232 today

ACTSC 331 Life Contingencies - Single LivesF,S 3C 0.5

Reserves, company expenses and gross premium and cash value calculations. Multiple decrement theory. Supplementary benefits.

Prereq: ACTSC 232

Scanned page 361ACTSC 331 today

ACTSC 332 Life Contingencies - Multipie Lives Joint Life, Last Survivor probabilities,W 3C 0.5

insurances and annuities. Simple and compound contingent functions and reversionary annuities. Other special benefits. Population theory.

Prereq: ACTSC 232

Scanned page 361

ACTSC 338 Graduation of Life TablesW 3C 0.5

Theory and methods of data graduation

with particular reference to life tables. Prereq: ACTSC 232 or consent of

instructor

Scanned page 361

ACTSC 431 Risk Theory 1F,S 3C 0.5

Monte Carlo Theory. Distribution of Aggregate claims. Classification of Risk. Prereq: ACTSC 232 Coreq: STAT 333

Scanned page 361ACTSC 431 today

ACTSC 432 Risk Theory 2W 3C 0.5

Calculations of net premiums and reinsurance premiums. Ruin theory. Utility theory.

Prereq: ACTSC 431, STAT 333

Scanned page 361ACTSC 432 today

ACTSC 433 Construction of Life TablesF,S 3C 0.5

Methods of analysis of data to produce raw rates for mortality, morbidity and other tables.

Prereq: ACTSC 232 or consent of instructor

ACTSC 4385 W 3C 05

Introduction to Demographic Statistics

Topics in demography with emphasis on

population projections, mortality theories.

and construction of life tables. Prereq: ACTSC 232 or consent of instructor

Scanned page 361

ACTSC 451 Selection of Risks 1F 3C 0.5

The effects of medical and non-medical

risk factors on bodily systems are

explored to determine the amount and

incidence of additional morbidity and

morality. Techniques for expressing the

increased risk in premiums and reserves

are investigated. . Coreg: MTHEL 305b, ACTSC 331

Course Descriptions Actuarial Science

ACTSC 452, W 3C 05

Selection of Risks 2

A further selection of topics on medical

and non-medical risks and indemnity. Preraq: ACTSC 451 -

Scanned page 361

ACTSC 453 Basic Pension MathematicsF 3C 0.5

Theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied ta private pensions. Concepts of Normal Costs, Supplementat Liability, Unfunded Liability arising from individual Accrued Benefit and Projected Benefit cost methods.

Prereq: ACTSC 332 or consent of instructor

Scanned page 361ACTSC 453 today

ACTSC 454 Pension FundingW 3C 0.5

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 plans - in particular to the CPP.

Prereq: ACTSC 453 or consent of instructor

Scanned page 361ACTSC 454 today

ACTSC 455 Analysis of Financial StatementsW 3C 0.5

Topics in Insurance financial reporting including amortization of gains, the Canadian method of actuarial reserves, investment and currency reserves, and the analysis of gains and losses. Prereq: ACTSC 331 or consent of instructor

Scanned page 361ACTSC 455 today

ACTSC 456 Taxation of Life insuranceW 3C 0.5

Taxation of life insurance, insurance

companies and employee benefits. Prereq: ACTSC 382, MTHEL 305a/b

Scanned page 361ACTSC 456 today

ACTSC 458 Insurance Law Topics in Canadian and AmericanW 3C 0.5

Insurance Law. Prereq: ACTSC 331, MTHEL 305a/b

Scanned page 361

ACTSC 463 Topics in Casualty insurance 1W 3C 0.5

Topics in casualty insurance chosen from areas such as coverages, ratemaking and underwriting.

Prereq: ACTSC 232

Scanned page 361

ACTSC 223 Group Life and Health Insurance

Not offered in 1984–85.

Scanned page 361

ACTSC 337 Finite Differences

Not offered in 1984–85.

Scanned page 361

ACTSC 391 Topics in Actuarial Mathematics

Not offered in 1984–85.

Scanned page 361ACTSC 391 today

ACTSC 441 Advanced Topics in Actuarial Mathematics

Listed without a description.

Scanned page 362

ACTSC 464 Topics in Casualty

Listed without a description.

Scanned page 362

ACTSC 491 Seminar in Actuarial Mathematics 1

Listed without a description.

Scanned page 362

ACTSC 492 Seminar in Actuarial Science 2

Listed without a description.

Scanned page 362