Risk Theory ACMA 335 (3)
Basic distributional quantities: moments, percentiles, generating functions and sums of random variables. Classifying and creating distributions. Frequency and severity with coverage modifications: deductibles, the loss elimination ratio and the effect of inflation for ordinary deductibles, policy limits, coinsurance. Aggregate loss models. Multi-state transition models with actuarial applications: non-homogeneous Markov chains, cash flows and their actuarial present values. The exponential distribution and the Poisson process. Covers part of the syllabus for Exam M of the Society of Actuaries, and Exam 3 of Casualty Actuarial Society. Prerequisite: ACMA 320. Quantitative.
| Section | Instructor | Day/Time | Location |
|---|---|---|---|
|
Cary Tsai |
Sep 8 – Dec 7, 2015: Mon, 2:30–4:20 p.m.
Sep 8 – Dec 7, 2015: Wed, 2:30–3:20 p.m. |
Burnaby Burnaby |
|
| D101 |
Cary Tsai |
Sep 8 – Dec 7, 2015: Fri, 9:30–10:20 a.m.
|
Burnaby |