Fundamental Actuarial Concepts

Catalog description

Introduces students to practical actuarial concepts and principles related to Property/Casualty Insurance (also known as General Insurance). Topics include pricing methods, reserving methods, insurance accounting, actuarial standards, and other subject matter students are likely to encounter early in their actuarial career. Examples expose students to Property Casualty Insurance; however, many of the concepts covered such as; frequency, severity, development, trend, deductibles and coinsurance, also apply to other practice areas (e.g., Life, Health, or Retirement).