Courses

Actuarial Science

0501-Theory of Interest 3 s.h.

Study of generalized interest theory with applications to annuities certain, amortization, depreciation, valuation of securities, and bond yield determinations.

Prerequisite: Mathematics 086 or equivalent

0505-Actuarial Models I. 3 s.h.

Application of probability theory to life insurance and annuities, premiums, reserves, and survival models.

Prerequisite: Actuarial Science 501 and Mathematics 433 or equivalent

0506-Actuarial Models II. 3 s.h.

Extension of the analysis of Actuarial Models I to multiple-life functions, multiple-decrement theory, loss distribution models, and theory of ruin.

Prerequisite: Actuarial Science 505

0516-Actuarial Models III. 3 s.h.

Applications of survival and loss distribution models.

Prerequisite: Actuarial Science 506

0518-Casualty Contingencies 3 s.h.

Mathematics of ratemaking for non-life insurance including fire, homeowners, automobile, workers' compensation and other lines of insurance. Theoretical and practical aspects of credibility, experience rating, exposure units, deductibles, and statistical plans. Emphasis on theory, with the expectation of independent study.

Prerequisite: Actuarial Science 501 and Math 433 or equivalent. Corequisite: Math 434.

0598-Independent Study 1-6 s.h.

Special study in a particular aspect of actuarial science under faculty supervision. Maximum of six hours may be counted toward degree requirements.