2016-2017 Academic Catalog 
    
    Nov 23, 2024  
2016-2017 Academic Catalog [Archived Catalog]

ACSC 422 - Actuarial Modeling II


Credits: Three (3)
Prerequisite: ACSC-421, Minimum grade C-
his course is the second of two courses in actuarial modeling designed to develop the student’s knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include analysis of benefits reserves, multiple life functions, multiple decrement models, frequency and severity models, compound distribution models, Poisson process models, insurance models including expenses and Markov chain models. ACSC 421 and ACSC 422 cover all of the learning objectives contained in Examination MLC (Models for Life Contingencies) of the Society of Actuaries.