Simon Fraser University
Engaging the World

Course Outlines

Spring 2022 - ACMA 470 E100

Property and Casualty Insurance (3)

Class Number: 6945

Delivery Method: In Person

Overview

  • Course Times + Location:

    Jan 10 – Apr 11, 2022: Tue, 6:00–8:50 p.m.
    Vancouver

  • Exam Times + Location:

    Apr 19, 2022
    Tue, 11:59–11:59 p.m.
    Burnaby

Description

CALENDAR DESCRIPTION:

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.

COURSE DETAILS:

Course Outline:

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
  • Ratemaking
  • Risk classification
  • Loss reserving
  • Capital adequacy testing

References:

Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 2nd Edition, 2001, Robert Brown

Grading

  • Project 20%
  • Midterm 1 20%
  • Midterm 2 20%
  • Final Exam 40%

NOTES:

Above grading is subject to change.

Materials

REQUIRED READING:

No Text Required. Various required reading from CAS syllabus available on the internet.

Department Undergraduate Notes:

Tutor Requests:
Students looking for a tutor should visit https://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 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).

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 spring 2022 term.