Models for Life Contingencies I

Catalog description

(cross-leveled with MATH 7371 ). The sequence MATH 4371 - MATH 4372 is designed to help students prepare for the Society of Actuaries exam LTAM (Long-Term Actuarial Mathematics). This course teaches the basic theory of life contingent actuarial models and the applications of those models to insurance and other financial risks. Covered topics include: survival models, life tables and selection, insurance benefits, life annuities, premium calculation and reserves. Credit Hour s : 3 Prerequisites: MATH 4320 or STAT 4750 , and MATH 4370