ACTSC 432Credibility and Risk Theory
- Units
- 0.50
- Faculty
- Mathematics
- Subject
- Actuarial Science
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 1 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.
Credibility theory: American credibility, Bayesian, Bühlmann, Bühlmann-Straub, and empirical Bayes parameter estimation. Risk theory: claim arrival dynamics, surplus models, first-passage times, applications to solvency, and their analytical and numerical analyses.
Prerequisites
- Complete all of the following
- Must have completed the following:
- Enrolled in H-Actuarial Science, JH-Actuarial Science, or H-Mathematical Finance
Antirequisites
None listed.
Leads to
No course lists it as a requisite.
Reviewed on UW Flow
73% liked it18% easy100% useful
From 15 ratings and 1 comment on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
Hard but worthwhile for exam C, and needed for ActSc. Lots of credibility stuff, interesting content if you see the applications.
Aug 2013 · liked itOn UW FlowRemove this
Discussed on r/uwaterloo
26 posts and comments in 22 threads mention ACTSC 432, 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
Actsc 431 &432 1 point, 0 comments
u/Ok_Understanding7072: “Anyone in these two courses and looking for study buddy?”
Spring 2020
My last term in UW Math, S2020, here's a pic from my first term (F84) 816 points, 36 comments
u/AnonymousCoOpQues: “Were you in Jun Cai’s ACTSC 432 in Fall 2019?”
u/mageronix: “That's crazy, I met you outside your class in Fall 2019. Outside ActSci 432. My name's Kelvin, I don't know if you remember but I always waited outside the class before yours for my girlfriend. Congratulations on finishing!”
Winter 2020
ACTSC 431/432 1 point, 0 comments
u/NapsCrew: “If you took ACTSC 431 or 432 with Bin Li, how was it? I don't see any reviews for him online lol”
ACTSC 431,432, 446? 1 point, 0 comments
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”
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. …”
Spring 2019
Course outline acts432 please? 1 point, 1 comment
u/thetermguy: “Would someone please be kind enough to send me the course outline for Actsc 432? Can't find the specific information online, and I'd like to do a bit of a review on the introductory stuff before next term starts.”
ACTSC331 and ACTSC432 with Jun Cai? 3 points, 3 comments
u/throwaway18933828298: “How’s Jun Cai as a prof? Any insight would be appreciated!”
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”
ACTSC 431 and 432 in the same term (specifically a spring term)? 3 points, 0 comments
u/NotAsLost26: “Is it a good idea?”
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, …”
Spring 2018
When are Actsc 432 office hours right now? 1 point, 1 comment
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