ACSC 3703

Actuarial Models I

Lec 01 selected

This class builds on the material in STAT 3360 to develop the theoretical basis for construction and evaluation of actuarial models. Topics covered include survival models, probability distributiolns, deductibles and limits, and aggregate loss models, with application to insurance.

Sections

Lecture

From the syllabus

From the Winter 2024 syllabus by Toby Kenney. Open the PDF

Grading

30%Midterm examFebruary 15
55%Final examDate to be announced
15%Assignments (8)Best 7 of 8

Textbooks

  • Loss Models: From Data to Decisions (Fifth Edition), S. A. Klugman, H. J. Panjer, and G. E. Willmot
  • Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance (Fourth Edition), Brown and Lennox
  • Short-Term Actuarial Mathematics Study Notes, Society of Actuaries

Course rules

Late assignments
Late assignments receive a zero because solutions are posted online after the due date.
Assignment format
Online assignments must be submitted as PDF or JPEG files.
Assignment work
Assignments must be completed individually.
Missed final
Notify the instructor before the exam where possible, submit the Student Declaration of Absence, and reasonable efforts will be made to provide a make-up.
Delivery
Lectures and exams are in person; homework is submitted in class or online through Brightspace.

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