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ACTSC 431Casualty and Health Insurance Mathematics 2

Units
0.50
Faculty
Mathematics
Subject
Actuarial Science

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

Aggregate loss and payment models: properties, analytic results, convolution-type methods, recursive methods, inversion-type methods, and simulation; advanced aggregate claims models; reinsurance; applications to insurance pricing; insurance pricing using generalized linear models.

Prerequisites

  • Complete all of the following
    • Must have completed the following:
      • STAT330 - Mathematical Statistics (0.50)
    • Must have completed at least 1 of the following:
      • STAT331 - Applied Linear Models (0.50)
      • STAT371 - Applied Linear Models and Process Improvement for Business (0.50)
      • STAT373 - Regression and Forecasting Methods in Finance (0.50)
    • Earned a minimum grade of 60% in each of the following:
      • ACTSC363 - Casualty and Health Insurance Mathematics 1 (0.50)
    • Enrolled in H-Actuarial Science, JH-Actuarial Science, or H-Mathematical Finance

Antirequisites

None listed.

Leads to

No course lists it as a requisite.

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001640623 / 40MW 11:30–12:50
TUT 101791723 / 40Sep 11 12:30–13:20
Sep 25 12:30–13:20
Oct 9 12:30–13:20
Oct 23 12:30–13:20
Nov 6 12:30–13:20
Nov 20 12:30–13:20
Dec 4 12:30–13:20

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00160640 / 48TTh 13:00–14:20
LEC 701237123 / 9999Online or by arrangement

Reviewed on UW Flow

67% liked it33% easy100% useful

From 21 ratings and 5 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • Took with Prof Benjamin. He is the GOAT!!!

    Apr 2026 · liked itOn UW FlowRemove this

  • if you're good at STAT330 and ACTSC363, this is just a piece of cake.

    Apr 2024 · liked itOn UW FlowRemove this

  • A necessary evil. Study hard!!

    Apr 2020 · didn’t like itOn UW FlowRemove this

  • Requires lots of work, but is required for ActSc and excellent for exam C.

    Aug 2013 · liked itOn UW FlowRemove this

  • This course is useful if you're planning to write the C exam for SOA. It is a very difficult course, and both midterms required significant bells to get a 65% average.

    Nov 2012 · didn’t like itOn UW FlowRemove this

Discussed on r/uwaterloo

38 posts and comments in 30 threads mention ACTSC 431, December 2014 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.

Spring 2021

Winter 2021

Actsc 431 & stat 441 5 points, 3 comments

u/litlifeofloo: “Im planning to take those two courses soon but i was wondering the level of difficulty of those two courses and any advices for them? I heard those two are really tough and if anyone took them before specially online can you give me some info on them and how they were like?”

u/onlyinsurance-ca: “Actsci 431 I wouldn’t call tough, but it’s full on actsci level (I.e. not easy), comparable in difficulty to 232 or 331. Very math/distribution based. It’s the first half of the material for the stam exam. it is all new material so don’t get behind during the term. …”

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Spring 2020

Winter 2020

ACTSC 431/432 Together 6 points, 3 comments

u/7_12_98: “Has anyone taken these two courses together before? If so, what was your experience like? Was it difficult to do so? Does loss models 2 assume any knowledge of loss models 1? Thank you!”

u/Airbus-A320: “Just a heads up, the prereq for Actsc 431 and 432 are changing starting this fall. http://www.ucalendar.uwaterloo.ca/2021/COURSE/course-ACTSC.html”

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ACTSC431 / 432 help 1 point, 2 comments

u/Monnoo98: “Would anyone happen to have any notes / details about ACTSC 431/432. I am on exchange and the only way I could graduate on time was to take a course equivalent to ACTSC 432 (Loss Models 2). However I have not done ACTSC 431 and am severely lacking core ideas in my course here. …”

u/thetermguy: “… Then I thought, what the hell am I going to do with old actsci 431/432 notes? Toss. Sorry. You could try contacting David Landraut at UW, he's taught 431 in the past and is really approachable. Not sure if he'd give you access to his course notes. …”

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Fall 2019

Winter 2019

STAT444 Advice 5 points, 28 comments

“Is anyone else struggling with this class? The assignments have taken forever but I don't even feel like they've helped me understand the course better. …”

u/n3bel: “reading this made me so glad i dropped this class”

u/n3bel: “Including ones crosslisted with grad courses (I'll list the 4xx course code BC easier), in no particular order: STAT 430/441/450/454/433/443/431 ACTSC 431/445/446/432/462 CS 476”

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Fall 2018

Math Courses 11 points, 11 comments

“What were some of your favourite math (ACTSC, AMATH, CO, PMATH, STAT, etc) courses? &x200B; Just realizing that there really aren't that many required for my degree, so it'll be up to me to figure …”

u/n3b3l: “ACTSC/STAT stuff in no particular order: Favorites: STAT330, ACTSC 432, ACTSC 446 Most useful: STAT450, STAT441, ACTSC 431 Least favorite: STAT443, ACTSC445, ACTSC431 Easy in the sense that you can do minimal work outside of going to lecture + assignments and get a 80: STAT430, …”

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Spring 2018

Check it elsewhere for Fall 2026

Calendar versions

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