Actuarial Mathematics II ACMA 425 (3)
Actuarial reserves: allocation of the loss to the policy years. Multiple life functions: joint-life, last-survivor. Multiple decrement models: stochastic and deterministic approaches, associated single decrement, fractional durations. Valuation theory for pension plans. Insurance models including expenses: gross premiums and reserves, type of expenses, modified reserves. Nonforfeiture benefits and dividends: equity concept, cash values insurance options, asset shares, dividends. Covers part of the syllabus for Exam M of the Society of Actuaries and Exam 3 of the Casualty Actuarial Society. Prerequisite: ACMA 320. Quantitative.
| Section | Instructor | Day/Time | Location |
|---|---|---|---|
|
Chi-Liang Tsai |
Sep 4 – Dec 3, 2018: Wed, 11:30 a.m.–12:20 p.m.
Sep 4 – Dec 3, 2018: Fri, 10:30 a.m.–12:20 p.m. |
Burnaby Burnaby |
|
| D101 |
Chi-Liang Tsai |
Sep 4 – Dec 3, 2018: Mon, 12:30–1:20 p.m.
|
Burnaby |