Simon Fraser University
Engaging the World

Course Outlines

Spring 2026 - RISK 422 E100

Short-Term Insurance Practice (3)

Class Number: 6231

Delivery Method: In Person

Overview

  • Course Times + Location:

    Jan 5 – Apr 10, 2026: Thu, 5:30–8:20 p.m.
    Burnaby

  • Instructor:

    Sessional

  • Prerequisites:

    RISK (or ACMA) 321 with a minimum grade of C.

Description

CALENDAR DESCRIPTION:

Advanced ratemaking: trend analysis, ultimate losses, expense provisions, profit and contingencies, overall rate indications, classification rates. Experience rating: credibility theory and applications, bonus-malus systems. Loss reserving: estimating unpaid losses and IBNR, statistical models and assumptions for outstanding claim reserves. Students with credit for ACMA 422 or ACMA 470 may not take this course for further credit. Quantitative.

Grading

  • Projects 30%
  • Quizzes 30%
  • Final Exam 40%

NOTES:

Above grading is subject to change.

Materials

REQUIRED READING:

Basic Ratemaking, 5th Ed. Werner, G., and Modlin, C. (May 2016). Casualty Actuarial Society. 

Textbook available at https://www.casact.org/sites/default/files/2021-03/5_Werner_Modlin.pdf.

Errata available at https://www.casact.org/sites/default/files/2024-07/2024_Exam_5_Werner_Errata_2024_06_27.pdf.

Estimating Unpaid Claims Using Basic Techniques, 3rd. Version. Friedland, J.F. (July 2010). Casualty Actuarial Society.

Available at https://www.casact.org/sites/default/files/2021-03/5_Friedland.pdf.

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.

Registrar Notes:

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS

At SFU, you are expected to act honestly and responsibly in all your academic work. Cheating, plagiarism, or any other form of academic dishonesty harms your own learning, undermines the efforts of your classmates who pursue their studies honestly, and goes against the core values of the university.

To learn more about the academic disciplinary process and relevant academic supports, visit: 


RELIGIOUS ACCOMMODATION

Students with a faith background who may need accommodations during the term are encouraged to assess their needs as soon as possible and review the Multifaith religious accommodations website. The page outlines ways they begin working toward an accommodation and ensure solutions can be reached in a timely fashion.