27 courses in the 1991–92 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 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 137 or 113A and second-year standing
Antireq: ACTSC 221
The economics of insurance, utility theory. Application of probability to problems of life and death. The determination of single premiums for insurances and annuities in both the discrete and continuous case.
Prereq: ACTSC 231, MTHEL 305A, STAT 230
Antireq: ACTSC 222
Net annual premiums and net level premium reserves. The effect of expenses. The determination of gross premiums, modified reserves, and nonforfeiture options.
Prereq: ACTSC 232
Joint life last survivor probabilities, insurances and annuities. Multiple decrement theory. Stable and stationary populations. Introduction to pension mathematics.
Problem formulation and solution techniques in linear programming. Project scheduling with applications in insurance. Introduction to dynamic and integer programming.
Coreq: ACTSC 231, MATH 234A or 235, STAT 230
Antireq: C&O 350, 370
Theory and methods of data graduation
with particular reference to life tables. Prereg: ACTSC 232
Topics in casualty insurance chosen from areas such as coverages, ratemaking and underwriting.
Prereq: ACTSC 231
Individual risk models. Claim frequency distributions. Distribution of aggregate claims. Applications in insurance. Ruin theory.
Prereq: STAT 333
Methods of estimation for the distribution of the size of a single loss. Mixing and parameter uncertainty. Deductibles and other applications. Credibility theory.
Prereq: STAT 330
Methods of analysis to produce rates
for mortality and other decrements. Prereq: ACTSC 232, STAT 330
Statistics
Topics in demography with emphasis
on population projections, mortality
theories, and construction of life tables. Prereq: ACTSC 232
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 are investigated.
Coreq: MTHEL 305B and third year standing
Theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied to private pensions. Concepts of normal costs, supplemental Jiability, unfunded liability arising from individual accrued benefit and projected benefit cost methods.
Prereq: ACTSC 232
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 pubtic pension plans - in particular to the CPP.
Prereq: ACTSC 453
Topics of insurance financial reporting including assets, liabilities, surplus, amortization of gains, the Policy Premium method of actuarial reserves, investment and currency reserves, and the analysis of gains and losses. Prereq: ACTSC 331
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.
Not offered in 1991–92.