DEPARTMENT OF STATIS TICS
COLLEGE OF ARTS & SCIENCES
330.972.6886 (TELEPHONE)
Course Description
3470:472/572
Actuarial Science II
3 credits
Prerequisite: 3470:471/571 Actuarial Science I or equivalent.
Course Description: A continuation of Actuarial Science I. Study of multiple life
functions, multiple decrement models, valuation theory for pension plans, insurance
models including expenses, nonforfeiture benefits and dividends.
Course Topics:
Loss Function Approach -- Premium Computations
Life Insurance: Life Annuity Models, General Cost Models
Causality Insurance Models
Benefit Reserves
Collective Risk Models
Stochastic Surplus Models
Disability Models
Reinsurance
Divident Structures
Scenario Testing
General Theory of Insurance
Fall 2014