Subject: Actuarial Science (ACSC)

CRN: 20691

In Person | Lecture

St Paul: In Person

  Mike Axtell

This course introduces students to the subjects of insurance--theory and practice--and corporate risk management. In addressing these subjects, students will receive exposure to risk theory, insurance pricing, contract analysis, insurance company operations, reinsurance, regulation and the concepts and principles of business risk management. Offered fall semester. Prerequisite: Sophomore standing

4 Credits

Subject: Actuarial Science (ACSC)

CRN: 20692

In Person | Lecture

St Paul: In Person

  Kyle Falconbury

A survey of topics in the mathematical analysis of financial transactions which involve payments made over time. Specific areas of concentration will include the time value of money, the analysis of annuities, amortization and sinking funds, and the pricing and rates of return on investments. Both continuous time and discrete time problems will be considered. Offered spring semester. Prerequisite: a grade of C- or above in MATH 114

4 Credits

Subject: Actuarial Science (ACSC)

CRN: 20693

In Person | Lecture

St Paul: In Person

  Seul ki Kang

This course provides a thorough introduction to the area of short-term actuarial mathematics utilized in the Property&Casualty field as well as some areas in the Life&Health field. Topics include severity, frequency and aggregate loss models, risk measures, construction and selection of parametric models, pricing and reserving for short-term insurance coverages. Prerequisites: A grade of C- or better in both of STAT 313 and STAT 314, or a grade of C- or better in STAT 303. Enrollment via consent by the instructor is also an option.

4 Credits

Subject: Actuarial Science (ACSC)

CRN: 20694

In Person | Lecture

St Paul: In Person

  Junsen Tang

Extension of the analysis of ACSC 451 to multiple life functions and multiple decrement theory. Topics will include: multiple life functions and multiple decrement models, valuation of pensions, insurance models including expenses, non-forfeiture benefits and dividends. Offered spring semester. Prerequisite: a grade of C- or above in ACSC 451

4 Credits