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Dec 03, 2024
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2015-2016 Academic Catalog [Archived Catalog]
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ACSC 695 - Actuarial Models III
Credits: Three (3)
Prerequisite: ACSC-522 ; Minimum grade C
This course extends the student’s knowledge of the theoretical
basis of actuarial models and the application of those models to
insurance and other financial risks. This is in addition to the
courses ACSC 521 and ACSC 522. The topics cover the models,
survival and severity models, Frequency models, Compound
(aggregate) models, and Life contingencies. After taking these
courses, the students are expected to know the how and why models
are used, their advantages and their limitations. The students will
be expected to understand what important results can be obtained
from these models for making business decisions.
Note: After taking these courses, students are expected to take Actuarial Science Professional Exam M (It was exam 3)
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