Financial Mathematics for Actuarial Science

Catalog description

This course provides an understanding of the fundamental concepts of financial mathematics from an actuarial perspective, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. The course will cover topics of CAS Exam 2/SOA Exam FM. Note: Mandatory for students whose concentration is actuarial science to take this course and pass with at least a grade of B-.