Fall 2019 - ACMA 355 D100
Loss Models I (3)
Class Number: 4362
Delivery Method: In Person
Severity models. Risk measures. Frequency models. Frequency and severity with coverage modifications: deductibles, policy limits, coinsurance. Parametric estimation: method of moments, MLE. Bayesian estimation. Model selection. Covers part of the syllabus for Exam STAM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Quantitative.
This course covers part of the syllabus for the new exam STAM of the SOA. Please refer to the CAS website for the syllabi of their new exams.
This course covers the fundamentals of actuarial loss models. The topics covered correspond to Chapters 3-6, 11-13, and 15 of the required textbook. They include the following:
This course is accredited under the Canadian Institute of Actuaries (CIA) University Accreditation Program (UAP) for the 2019-2020 academic year. Achievement of the established exemption grade in this course may qualify a student for exemptions from writing certain preliminary exams. Please note, a combination of courses may be required to achieve a single exemption. Please see http://www.cia-ica.ca/membership/uap for full details.
- Assignments, quizzes and project 20%
- Midterm 1 40%
- Midterm 2 40%
Above grading is subject to change.
Loss Models: From Data to Decisions, 5th ed., Authors: S.A. Klugman, H.H. Panjer, and G.E. Willmot. Publisher: Wiley
ACTEX SOA Exam STAM Study Manual, Spring 2018 Edition, by S.A.Broverman, Publisher: ACTEX
Survival Models and Their Estimation, 3rd Edition, by D. London, Publisher: ACTEX
Department Undergraduate Notes:
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