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Feb 13, 2025
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2024-2025 Undergraduate Catalog
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MATH 4350 - Fundamentals of Actuarial MathematicsCredit Hours: 3 Lecture: 3 Lab: 0
Key features of insurance and reinsurance coverages. Characteristics of and uses for commonly used severity, frequency, and aggregate models. Introduction to Credibility. The calculation of premiums and reserves for short-term insurance coverages. Introduction to option pricing. Key features of insurance coverages and retirement financial security programs. Parametric and Non-Parametric Estimation. The premium and policy value calculation processes for long-term insurance coverages. Prepare the students for the Society of Actuaries exam on Fundamentals of Actuarial Mathematics.
Prerequisites: MATH 4344/STAT 4344 or MATH 4346/STAT 4346.
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