Spring 2022 - ACMA 470 E100
Property and Casualty Insurance (3)
Class Number: 6945
Delivery Method: In Person
Course Times + Location:
Tu 6:00 PM – 8:50 PM
HCC 1510, Vancouver
Ratemaking: terminology, process, trend, ultimate losses, expense provisions, profit and contingencies, overall rate indications, classification rates, increased limits. Individual risk rating: prospective systems, retrospective rating, design. Loss Reserving: accounting concepts, definitions, principles, loss reserving process. Risk classification: relationship to other mechanisms, criteria for selecting rating variables, examples, efficiency, estimating class relativities. Covers part of the syllabus for Exam 5 of Casualty Actuarial Society. Cannot repeat for credit if taken as STAT 490 or ACMA 490 previously. Quantitative.
The course provides an overview of the property and casualty industry and covers foundational materials in the syllabus for Exams 5, 6, and 7 of Casualty Actuarial Society.
The topics include:
- P&C industry overview
- Risk classification
- Loss reserving
- Capital adequacy testing
Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 2nd Edition, 2001, Robert Brown
- Project 20%
- Midterm 1 20%
- Midterm 2 20%
- Final Exam 40%
Above grading is subject to change.
No Text Required. Various required reading from CAS syllabus available on the internet.
Department Undergraduate Notes:
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TEACHING AT SFU IN SPRING 2022
Teaching at SFU in spring 2022 will involve primarily in-person instruction, with safety plans in place. Some courses will still be offered through remote methods, and if so, this will be clearly identified in the schedule of classes. You will also know at enrollment whether remote course components will be “live” (synchronous) or at your own pace (asynchronous).
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