Simon Fraser University
Engaging the World

Course Outlines

Fall 2021 - ACMA 301 D100

Long-Term Actuarial Mathematics I (3)

Class Number: 6965

Delivery Method: In Person

Overview

  • Course Times + Location:

    Sep 8 – Dec 7, 2021: Tue, 10:30 a.m.–12:20 p.m.
    Burnaby

    Sep 8 – Dec 7, 2021: Fri, 10:30–11:20 a.m.
    Burnaby

  • Exam Times + Location:

    Dec 20, 2021
    Mon, 7:00–10:00 p.m.
    Burnaby

  • Prerequisites:

    ACMA 201 (or 210), with a minimum grade of C. Corequisite: STAT 285.

Description

CALENDAR DESCRIPTION:

Life tables, basic survival models. Basic life insurance and annuities: present value random variables, premium calculations, reserves. Computer applications for pricing and reserving for life insurance portfolios. Covers part of the syllabus for Exam LTAM of the Society of Actuaries. Students with credit for ACMA 320 cannot take ACMA 301 for further credit. Quantitative.

COURSE DETAILS:

Outline

The topics covered correspond to part of Exam LTAM of the Society of Actuaries (www.soa.org), and they include

1.       Introduction to life insurance
2.       Survival models
3.       Life tables and selection
4.       Net single premiums for life insurance contracts
5.       Life annuities
6.       Premiums
7.       Policy values

Mode of Teaching

  • Lecture: Synchronous/Asynchronous
  • Tutorial: Synchronous
  • Quizzes and Midterm: Synchronous; Date: TBA
  • Final exam: Synchronous; date: TBA
  • Remote invigilation: Zoom.

This course is accredited under the Canadian Institute of Actuaries (CIA) University Accreditation Program (UAP). Details of required courses and grades at Simon Fraser University are available here (https://www.cia-ica.ca/membership/university-accreditation-program-home/accredited-universities/accredited-university-detail?pav_universityid=236ca8c4-60e5-e511-80b9-00155d111030).

In addition to the specific university’s internal policies on conduct, including academic misconduct, candidates pursuing credits for writing professional examinations shall also be subject to the Code of Conduct and Ethics for Candidates in the CIA Education System and the associated Policy on Conduct and Ethics for Candidates in the CIA Education System. For more information, please visit Obtaining UAP Credits (https://www.cia-ica.ca/membership/university-accreditation-program-home/information-for-candidates/obtaining-uap-credits).


Grading

  • Assignments 10%
  • Midterm 1 - Date: October 12, 2021 25%
  • Midterm 2 - Date: November 16, 2021 25%
  • Final Exam - Date: TBA, December XX 40%

NOTES:

Both midterm dates may be altered depending on teaching progress.
All weights will be finalized on the first lecture day.

Materials

REQUIRED READING:

Actuarial Mathematics for Life Contingent Risks, 3rd ed. by Dickson, Hardy & Waters.; Publisher: Cambridge University Press (Chapters 1–7)

Department Undergraduate Notes:

Students with Disabilities:
Students requiring accommodations as a result of disability must contact the Centre for Accessible Learning 778-782-3112 or csdo@sfu.ca


Tutor Requests:
Students looking for a tutor should visit hhttps://www.sfu.ca/stat-actsci/all-students/other-resources/tutoring.html. We accept no responsibility for the consequences of any actions taken related to tutors.

Registrar Notes:

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS

SFU’s Academic Integrity web site http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating.  Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the University community.  Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University. http://www.sfu.ca/policies/gazette/student/s10-01.html

TEACHING AT SFU IN FALL 2021

Teaching at SFU in fall 2021 will involve primarily in-person instruction, with approximately 70 to 80 per cent of classes in person/on campus, with safety plans in place.  Whether your course will be in-person or through remote methods 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).

Enrolling in a course acknowledges that you are able to attend in whatever format is required.  You should not enroll in a course that is in-person if you are not able to return to campus, and should be aware that remote study may entail different modes of learning, interaction with your instructor, and ways of getting feedback on your work than may be the case for in-person classes.

Students with hidden or visible disabilities who may need class or exam accommodations, including in the context of remote learning, are advised to register with the SFU Centre for Accessible Learning (caladmin@sfu.ca or 778-782-3112) as early as possible in order to prepare for the fall 2021 term.