28 courses in the 1994–95 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Undergraduate Officers M. Bennett, MC 61048, ext. 4487 H. Panjer, MC 6017, ext. 4472
Courses not offered In the current academic year are listed at the end of this section.
Introductory Note
More detailed course descriptions and course outlines are available in the Actuarial Science Undergraduate Handbook.
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
Antireq: ACTSC 231
ACTSC 221 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 137 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 premium reserves. Multiple life functions and multiple decrement models.
Prereq: ACTSC 232
Insurance models including expenses. Nonforfeiture benefits and dividends. Introduction to pension mathematics. Miscellaneous topics.
Prereq: ACTSC 331
Course Descriptions Actuarial Science
Theory and methods of data graduation
with particular reference te life tables. Prereq: ACTSC 232
What makes a risk insurable. The economics of insurance. The ratemaking process. Auto ratemaking in Canada. An introduction to property/casualty loss reserving techniques.
Prereq: ACTSC 231
Individual risk models. Claim frequency distributions. Distribution of aggregate claims. Applications in insurance. Ruin theory.
Prereq: STAT 333
Theory
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
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, supplementa! liability, 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 public 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
Individual risk rating. Risk classification in property/casualty insurance. Reinsurance. Expense issues. Reserving for insurance
and loss adjustment expenses. Investment income.
Prereq: ACTSC 363
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.
Not offered in 1994–95.