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Short-Term Insurance Practice ACMA 422 (3)
Advanced ratemaking: trend analysis, ultimate losses, expense provisions, profit and contingencies, overall rate indications, classification rates. Experience rating: credibility theory and applications, bonus-malus systems. Loss reserving: estimating unpaid losses and IBNR, statistical models and assumptions for outstanding claim reserves. Prerequisite: ACMA 321 with a minimum grade of C. Students with credit for ACMA 470 may not take this course for further credit. Quantitative.