2010-2011 Academic Catalog 
    Oct 29, 2020  
2010-2011 Academic Catalog [Archived Catalog]


Credits: Three
Prerequisite: ACSC 522 with at least a “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)