Course Search

Program Area

Course Code (Click for details)	Course Title (Click to Sort)	Description	Prerequisite	Exclusion
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	RSM435H1
ACT371H1	Basic Reserving Methods For P&C Insurance	Topics covered include reserving data and triangles, diagnoses methods that range from triangle of ratios of paid claims to reported claims to triangle of reported claim ratios. The syllabus also includes projection techniques. Not eligible for CR/NCR option.	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. Not eligible for CR/NCR option.	ACT371H1
ACT390H1	Professional Experience in Actuarial Science	The professional experience is a mandatory course in the actuarial science Specialist program, in preparation for an internship work term after the PE course is completed. It includes various professional skill workshops, networking activities and an invited industry speaker series.	Enrolment in the Actuarial Science Specialist.
ACT398H0	Research Excursions	An instructor-supervised group project in an off-campus setting. Details at https://www.artsci.utoronto.ca/current/academics/research-opportunities/research-excursions-program. Not eligible for CR/NCR option.
ACT398Y0	Research Excursions	An instructor-supervised group project in an off-campus setting. Details at https://www.artsci.utoronto.ca/current/academics/research-opportunities/research-excursions-program. Not eligible for CR/NCR option.
ACT451H1	Loss Models	Loss models policy adjustments, frequency and severity models, compound distributions.	STA257H1
ACT452H1	Loss Models II	Estimation of Loss and Survival Models using complete, censored and truncated data. Product-Limit estimation, empirical estimation, moment and percentile estimation, maximum likelihood estimation and simulation models.	STA261H1, ACT451H1
ACT455H1	Advanced Topics in Actuarial Science	Advanced life contingencies, multiple decrement theory, insurance policy expenses, multi-state transition models, Poisson processes.	ACT348H1; ACT350H1/STA347H1
ACT460H1	Stochastic Methods for Actuarial Science	Applications of the lognormal distribution, Brownian motion, geometric Brownian motion, martingales, Ito's lemma, stochastic differential equations, interest rate models, the Black-Scholes model, volatility, value at risk, conditional tail expectation.	ACT350H1/STA347H1. (ACT370H1 strongly recommended)