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Course Code (Click for details) Course Title (Click to Sort) Description Prerequisite Exclusion
ACT230H1 Mathematics of Finance for Non-Actuaries

Introduction to financial mathematics, interest measurement, present value calculation, annuity valuation, loan amortization, consumer financing arrangements, bond valuation. The course is aimed at a general audience who will not be continuing in the actuarial science program. Course manuals fee: $30.

First-year Calculus


ACT240H1 Mathematics of Investment & Credit

Interest, discount and present values, as applied to determine prices and values of annuities, mortgages, bonds, equities; loan repayment schedules and consumer finance payments in general; yield rates on investments given the costs on investments. Course manuals fee: $45.

MAT137Y1 (minimum grade 63%)/ MAT157Y1 (minimum grade 60%)


ACT245H1 Financial Principles for Actuarial Science I

Term structure of interest rates, cashflow duration, convexity and immunization, forward and futures contracts, interest rate swaps, introduction to investment derivatives and hedging strategies.

ACT240H1, MAT137Y1 (minimum grade 63%)/ MAT157Y1 (minimum grade 60%)

ACT247H1 Introductory Life Contingencies

Probability theory applied to survival and to costs and risks of life assurances, life annuities, and pensions; analysis of survival distributions; international actuarial notation. Course manuals fee: $35.

ACT240H1; MAT137Y1 (minimum grade 63%)/ MAT157Y1 (minimum grade 60%); STA257H1

ACT348H1 Advanced Life Contingencies

Determination of benefit premium and benefit reserves for life insurance and annuities; analysis of insurance loss random variables; theory of life contingencies for multiple lives. Course manuals fee: $40.

ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); ACT247H1 (minimum grade C); ( STA257H1, STA261H1); MAT237Y1/​ MAT257Y1

ACT349H1 Corporate Finance for Actuarial Science

Actuarial applications of financial mathematics and economics.

ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); ACT247H1 (minimum grade C); ( STA257H1, STA261H1); MAT237Y1/​ MAT257Y1

ECO358H1, ECO359H1 , RSM332H1 , RSM333H1

ACT350H1 Applied Probability for Actuarial Science

The course offers an introduction to elementary probability theory and stochastic processes. The main goal of the course is to help actuarial students understand the concept of stochastic processes with particular emphasis on Markov chains that are of great importance in Life Contingencies and Property and Casualty insurance.

The course will cover the following topics: a basic review of...

ACT240H1 (minimum grade 63%); ACT245H1 (minimum grade 63%); ACT247H1 (minimum grade 63%); STA257H1; MAT223H1/​ MAT240H1, MAT237Y1/​ MAT257Y1

ACT370H1 Financial Principles for Actuarial Science II

Mathematical theory of financial derivatives, discrete and continuous option pricing models, hedging strategies and exotic option valuation.

ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); ACT247H1 (minimum grade C); ( STA257H1, STA261H1); MAT237Y1/​ MAT257Y1


ACT371H1 Basic Reserving Methods For P&C Insurance

Topics covered include resrving data and triangles, diagnoses methods that range from triangle of ratios of paid claims to reported claims to triangel of reported claim ratios.  The sylloabus also includes projection techniques.

ACT240H1, STA257H1

ACT372H1 Basic Ratemaking Methods For P&C Insurance

This course covers the basic ratemaking methods for P&C insurance.  It assumes that students are familiar with traditional reserving diagnoses and projection methods.  The syllabus would introduce concepts related to earning of exposures, on-level factors, catastrophe loading, large loss loading and credibility.