ACSC 466 - Actuarial Mathematics II

3 credits
3 lecture hours.

The second course out of a series of courses designed to prepare actuarial science majors to be ready for the Fundamental of Actuarial Mathematics exam. The course includes an introduction to modeling and covers important actuarial methods that are useful in modeling. It will also introduce students to the foundational principles of rate making and reserving for long-term coverages. The syllabus also covers the candidate’s knowledge of the theoretical basis of contingent payment models and the application of those models to insurance and other financial risks. Long-Term Insurance Coverages and Retirement Financial Security Programs Mortality Models, Present Value Random Variables for Long-Term Coverages, and Premium and Policy Value Calculation for Long-Term Insurance Coverages.

Prerequisite(s) ACSC 465 completed with a grade of “C” or higher
Offered (AS NEEDED)