ACTSC 363Casualty and Health Insurance Mathematics 1
- Units
- 0.50
- Faculty
- Mathematics
- Subject
- Actuarial Science
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.
Introduction to the collective risk model; models for loss frequency: (a, b, 0) and (a, b, 1) classes of distributions, compound distributions and mixtures; models for loss severity: exponential, gamma, lognormal, Pareto, Weibull, and mixtures; measures of distribution tails; impact of policy adjustments on loss frequency and severity; estimation of frequency and severity models.
Prerequisites
- Enrolled in H-Actuarial Science, JH-Actuarial Science, Actuarial Science Minor, or H-Mathematical Finance
Corequisites
- Completed or concurrently enrolled in:
- STAT330 - Mathematical Statistics (0.50)
Antirequisites
- Not completed any of the following:
Leads to
Fall 2026 sections
| Section | Class | Enrolled | Meets |
|---|---|---|---|
| LEC 001 | 5955 | 48 / 66 | MW 13:00–14:20 |
| TUT 101 | 6775 | 48 / 66 | Sep 11 13:30–14:20 Sep 25 13:30–14:20 Oct 9 13:30–14:20 Oct 23 13:30–14:20 Nov 6 13:30–14:20 Nov 20 13:30–14:20 Dec 4 13:30–14:20 |
Winter 2027 sections
| Section | Class | Enrolled | Meets |
|---|---|---|---|
| LEC 001 | 5955 | 0 / 48 | MW 16:00–17:20 |
| LEC 701 | 2335 | 35 / 9999 | Online or by arrangement |
| TUT 101 | 7620 | 0 / 48 | Jan 11 11:30–12:20 Jan 25 11:30–12:20 Feb 8 11:30–12:20 Feb 22 11:30–12:20 Mar 8 11:30–12:20 Mar 22 11:30–12:20 Apr 5 11:30–12:20 |
Reviewed on UW Flow
71% liked it41% easy75% useful
From 17 ratings and 4 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
panjer recursion is useless and should not be a part of the course tbh. replace it with something actually useful that shows up on fam/mas-i
Apr 2026 · didn’t like itOn UW FlowRemove this
Stat330 with actuarial context.
Nov 2022 · liked itOn UW FlowRemove this
Wasn't that easy even as a third-year Actsc course. The materials were ok in terms of depth. It'll be best to understand the concepts because you are gonna use them in Actsc431 for sure.
Jun 2022 · liked itOn UW FlowRemove this
Interesting content but the tests were just unreasonable. Worst course grade I've gotten so far
May 2021 · didn’t like itOn UW FlowRemove this
Discussed on r/uwaterloo
11 posts and comments in 8 threads mention ACTSC 363, September 2020 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Winter 2024
Course Load Advice 3 points, 0 comments
u/Soggy_Stomach111: “… Currently enrolled in ACTSC 232, ACTSC 363, ACTSC 372, CLAS 104, STAT 331, CS 330. Would it make more sense to replace STAT 331 and CS 330 with just STAT 333? …”
Fall 2023
Can anyone recommend any easy bird courses with no exams, no quizzes, no tests, no midterms, no assignments, no projects and no evaluations or work of any kind at all? 101 points, 21 comments
u/aglassofmangojuice: “Actsc363”
Can't Understand the prof 1 point, 25 comments
“I don't want to come off as disrespectful but I have 2 courses this term with a professor that my classmates and I, hardly understand. His UW flow is at 5%. …”
u/Secure-Lake5784: “Are they geog courses per chance”
u/DarkEmperor7135: “pretty sure it’s actsc 331/363 based on op’s description”
Spring 2023
Fall Course Load Math 1 point, 3 comments
u/aglassofmangojuice: “Opinions on this course load: Actsc363, Stat331, Actsc331, Accounting Elective (wlu), Management Elective (wlu)”
u/onlyinsurance-ca: “I've read differing opinions on stat331. When I took it, it was the easiest stat's course I took, and enjoyable. Acts 331 is just like part b of Actsc 232. …”
u/aglassofmangojuice: “Thanks for the reply! I’m planning on November FAM (I am going down the Life side and already wrote P and FM). I was told Actsc232 and Actsc 363 are best prep courses for it and Actsc331 is good as well. Not sure if it is true however…”
Winter 2022
ACTSC 363 exams 2 points, 0 comments
u/No_Prior_5170: “Hi guys, I was wondering if anyone had past practice sets (or any extra practice in general) for actsc 363 so that I can be prepared for the final!”
Winter 2021
Actsc 363 impressions 0 points, 1 comment
u/angerygoosepopo: “This is the first term actsc 363 is offered. I have taken exam STAM before and this course is the equivalent of the first chapter of the manual. I'm also taking the course this term so if you want to connect on Messenger, I'll be happy to study with you.”
Fall 2020
How manageable is this course load? (Actsci/Stats) 5 points, 15 comments
u/driftingxsnow: “… ACTSC 363 (4) 3. ACTSC 372 (2) 4. ACTSC 446 (4) 5. STAT 442 (5) &x200B; The ratings are based on a mix of UWFlow and some previous reddit posts. …”
u/angerygoosepopo: “Ali's courses are THICC (hard, but you'll learn a lot) source: currently have him for STAT 441 I haven't taken ACTSC 363, but I am taking it next term. …”
Would you rather 6 points, 13 comments
“View Poll”
u/angerygoosepopo: “I would prefer it to be online for W2021 and have subsequent terms in person since I need to do ACTSC 363 and it's only offered in my co-op terms 😬”
Check it elsewhere for Fall 2026
- Undergraduate Calendar, 2026–27The official entry
- Requirements for Fall 2026Waterloo’s requisite checker
- Schedule of Classes, Fall 2026Instructors, rooms, live seats
- Quest Class SearchWhere you enrol
- Course outlinesSyllabi from past terms (UW login)
- UW FlowStudent ratings and reviews
- WClassesPast sections back to 2004, and who taught them