Fundamentals of Actuarial Math

Catalog description

This course covers selected topics from Exam FAM of the Society of Actuaries. This course covers key features of insurance and reinsurance coverage, characteristics and applications of commonly used severity, frequency, and aggregate models, estimating parameters for severity and frequency distributions using MLE, credibility concepts and their applications, pricing and reserving for short-term insurance coverages, long-term insurance coverages and retirement financial security programs, parametric and non-parametric mortality and survival models, present value random variables associated with long-term insurance coverages, premium and policy value calculation for long-term insurance coverages.