2021-2022 Undergraduate Catalog

MATH 457 Short-Term Actuarial Mathematics 1

Loss and frequency distributions, limited expected value, parametric and non-parametric models, scale distributions, creating new distributions, insurance coverage modifications by deductibles and limits, effects of inflation, aggregate distributions for collective and individual risk models, classical and Bayesian credibility models.

Prerequisite: C- or better in MATH 321 or permission of the department chairperson.