2017-2018 Academic Catalog 
    Jul 19, 2024  
2017-2018 Academic Catalog [Archived Catalog]

ACSC 695 - Actuarial Models III

Credits: Three (3)
Prerequisite: ACSC-522
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 MLC.