ACTSC 963Insurance Surplus Mathematics

Units: 0.50
Level: Graduate
Faculty: Mathematics
Subject: Actuarial Science

When it runs

Ran in 0 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.

The analysis of the development over time of the surplus on a portfolio of insurance business is considered. The classical Poisson and Sparre Andersen risk models are studied. Unified treatment of moments and distributions of quantities related to the event of ruin is done through a discounted penalty function approach. Random variables of interest include the time of ruin itself, the deficit immediately after ruin occurs, and the surplus immediately prior to ruin. Defective renewal equations and Laplace transforms are utilized extensively. Prerequisites are familiarity with aggregate loss models at the level of ActSc 431/831 or equivalent.

Prerequisites

None listed.

Antirequisites

None listed.

Leads to

No course lists it as a requisite.

Discussed on r/uwaterloo

2 posts and comments in 1 thread mention ACTSC 963, October 2017 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.

Fall 2017

Oct 30, 2017 PSA: UWCourseLinker back up, disabled by default, call with [[course code]] 39 points, 31 comments

u/RayDWatson: “… [[ACTSC855]] [[ACTSC859]] [[ACTSC862]] [[ACTSC863]] [[ACTSC936]] [[ACTSC961]] [[ACTSC963]] [[ACTSC964]] [[ACTSC965]] [[ACTSC966]] [[ACTSC970]] [[ACTSC971]] [[ACTSC972]] [[ACTSC973]] [[ACTSC974]] [[ACTSC980]] [[ACTSC991]] [[ACTSC992]] [[ADMGT601]] [[ADMGT602]] [[ADMGT603]] …”

u/UWCourseLinker: “… ACTSC 936 - Longitudinal Data Analysis ACTSC 961 - Mathematical Methods of Loss Reserving ACTSC 963 - Insurance Surplus Mathematics ACTSC 964 - Topics in Quantitative Risk Management ACTSC 965 - Extreme Value Theory ACTSC 966 - Aggregate Claims Models ACTSC 970 - Finance 1 ACTSC …”

View on Reddit Remove this

Check it elsewhere for Fall 2026

Graduate Calendar, Fall 2026The 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

Calendar versions

Graduate Calendar

Older Graduate Calendars

In 42 terms, Fall 2006 to Winter 2024