MATH 3907 Fall 2018
Life Contingent Risk Modelling 1
Mixed distributions; conditional expectations; introduction to life insurance; traditional and modern insurance contracts; underwriting; premiums; pension plans and retirement benefits; survival models; reserves; present value random variable; force of mortality; life tables; insurance benefits; annuities; premium calculation.
Prerequisites: STAT 2660 and STAT 3506 with grades of C+ or higher; or permission of the School.
Lectures three hours a week, tutorial one hour a week.
MATH 3907 Winter 2019
Life Contingent Risk Modelling 2
Policy values; multiple state models; formulae for probability; Markov multiple state models; pension mathematics; yield curves; interest rate risk; emerging costs for life insurance; equity linked insurance; deterministic and stochastic pricing; reserving, participating, and universal life insurance.
Prerequisite: STAT 3661 with a grade of C+ or higher; or permission of the School.
Lectures three hours a week, tutorial one hour a week.