Course Code (cross-listed)
  • ACTSC 363
  • ACTSC 431
Course Title Casualty and Health Insurance Mathematics 1
Online Offers No offers currently scheduled.
Last offer: Spring 2020
Course Location Online
Credit Weight 0.5
Course Description

Models for loss frequency: Poisson, negative binomial, binomial, (a, b, 0) class; models for loss severity including exponential, gamma, lognormal, Pareto, and Weibull; impact of policy adjustments on loss frequency and severity; estimation; compound Poisson models; aggregate claims models: properties, recursion, simulation, and pricing; deterministic reserving methods: chain ladder and Bornhuetter Ferguson; introduction to reinsurance. [Offered: F,W]

Typical terms may not reflect online offerings.

Course Work and Exam Spring 2020 course outline (note 2)
Requisites

ACTSC 363

  • Prerequisite: Actuarial Science or Mathematical Finance students only.
  • Corequisite: STAT 330.
  • Antirequisite: ACTSC 431 (taken in or before spring 2020).

ACTSC 431

  • Prerequisite: ACTSC 363 with a grade of at least 60%, STAT 330; Actuarial Science or Mathematical Finance students only
System Requirements
  • A computer with Internet access is required for all online and multimodal courses. Please see the System Requirements.
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Non-Waterloo Students
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  1. The Undergraduate Calendar and the Graduate Calendar are the official source for information about course details. Quest is the official source for Undergraduate and Graduate Schedule of Classes information. The offerings indicated on this site are unofficial and subject to change daily. The course instructor will provide the official course requirements and expectations at the start of term.
  2. If available, the example of a recent course outline is provided for general information only. It gives an overview of the course from a recent offering but it is not the course outline for the current offer and is subject to change. If you are currently taking this course, the official course outline that applies to this offer is in your online course.
  3. Library Requirements: Please see the online library access and Waterloo ID card information.
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