Spring 2023 - ACMA 470 E100
Property and Casualty Insurance (3)
Class Number: 5842
Delivery Method: In Person
Overview
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Course Times + Location:
Jan 4 – Apr 11, 2023: Tue, 6:00–8:50 p.m.
Vancouver -
Exam Times + Location:
Apr 22, 2023
Sat, 7:00–10:00 p.m.
Vancouver
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Instructor:
John Giles
jgiles@sfu.ca
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. 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.
REQUIRED READING NOTES:
Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.
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 caladmin@sfu.ca.
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 website 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