Casualty & Actuarial Mathematics

Catalog description

The course covers concepts from calculus and probability as they pertain to actuarial sciences. The calculus part covers limits of functions, derivative and integration and their applications, power series and polar coordinates, multivariate differentiation and integration. The probability part covers basic concepts of probability, conditional probability and Bayes' theorem, discrete and continuous random variables and distributions, bivariate distributions, conditional expectation and variance, transformations of random variables and moment generating function. The pace will be fast and the stress will be on the SOA/CAS Course 1 exam-type of word problems.