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Instruction offered by members of the Department of Mathematics and Statistics in the Faculty of Science.
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Note: In addition to the prerequisites listed below, consent of the Department is a prerequisite for all graduate courses.
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Actuarial Science
600
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Research Seminar
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A professional skills course, focusing on the development of technical proficiencies that are essential for students to succeed in their future careers. The emphasis is on delivering professional presentations and using modern actuarial techniques and statistical research tools. Ethics and professionalism are also covered.
Course Hours:
1.5 units; Q(3S-0)
MAY BE REPEATED FOR CREDIT
NOT INCLUDED IN GPA
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Actuarial Science
611
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Generalized Linear Models for Actuaries
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Description of insurance data, response distributions, exponential family responses and estimation, GLMs, models for count data, categorical and continuous responses. Applications include: personal injury insurance, vehicle insurance, diabetes deaths, third party claims, and degree of vehicle crash. Software for fitting GLMs will be discussed.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Statistics 323 or Mathematics 323, and Statistics 429.
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Actuarial Science
617
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Estimating Unpaid Claims in General Insurance
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Data collection, adjusting premiums, trending losses, development triangles, expected method, frequency -severity method, Bornhuetter Ferguson method, Benktander method, Cape Cod method, impact of changing conditions on projection method.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Actuarial Science 327.
Antirequisite(s):
Credit for Actuarial Science 617 and either 517 or 539.06 will not be allowed.
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Actuarial Science
619
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Quantitative Financial Risk Management
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Risk measures, correlations and copulas, various approaches to modelling market and credit risk, liquidity risk, enterprise risk management.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Actuarial Science 327.
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Actuarial Science
627
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Advanced Life Contingencies
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Multiple life functions, dependent and independent models, related annuities and insurances. Multiple decrement models: time until and causes of death. Associated single decrement tables. Applications of multiple decrement theory. Asset shares. Business and regulatory considerations.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Actuarial Science 327; and one of Statistics 323 or Mathematics 323; and one of Mathematics 311 or 313 or 353 or 367 or 375 or 381; and one of Computer Science 217 or 231 or 235.
Antirequisite(s):
Credit for Actuarial Science 627 and 527 will not be allowed.
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Actuarial Science
637
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Credibility Theory
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Limited fluctuation credibility; full and partial credibility; greatest accuracy credibility; Bayesian methodology; credibility premium; Buhlmann model; Buhlmann-Straub model; empirical Bayes method; bonus-malus system.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Actuarial Science 327; one of Mathematics 311 or 313 or 353 or 367 or 375 or 381; and Actuarial Science 437 or Statistics 437.
Antirequisite(s):
Credit for more than one of Actuarial Science 637, 537 and 533 will not be allowed.
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Actuarial Science
639
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Conference Course in Actuarial Modelling
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Topics in advanced actuarial theory and practice, such as: insurance risk models; practical analysis of extreme values; advanced property and casualty rate making; actuarial aspects of financial theory.
Course Hours:
3 units; H(3-0)
Also known as:
(formerly Statistics 639)
MAY BE REPEATED FOR CREDIT
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Courses of Instruction