Actuarial Probability Models

Catalog description

This course is designed to provide students with a comprehensive understanding of the core mathematical concepts included on the syllabus for the Actuarial Exam in Advanced Short-Term Actuarial Mathematics (Exam ASTAM, offered by the Society of Actuaries). Topics covered include severity models, aggregate models, coverage modifications, construction and selection of parametric models, credibility, reserving and pricing for short-term insurance coverages. Substantial focus will also be placed on developing efficient problem-solving skills.