MAT 408 - Actuarial Mathematics I

3 cr.

This course covers the fundamental principles of actuarial science. It begins with a discussion of survival models. A comparison is made between discrete and continuous models. Topics in the actuarial aspects of insurance will be covered, as the determination of annuities, the methodology of calculation of premiums and more sophisticated models of pricing in insurance. Prerequisites: MAT 350 and MAT 351.