|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.
|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.
|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.
|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.
|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.
|ACT349H1||Corporate Finance for Actuarial Science||
Actuarial applications of financial mathematics and economics.
|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...
|ACT370H1||Financial Principles for Actuarial Science II||
Mathematical theory of financial derivatives, discrete and continuous option pricing models, hedging strategies and exotic option valuation.
|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.
|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.
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