The theory of rates of interest and discount; annuities and sinking funds with practical applications to mortgage and bond questions. Yield rates....
The theory of rates of interest and discount including the theoretical continuous case of forces of interest and discount. Annuities and sinking...
The economics of insurance, utility theory. Application of probability to problems of life and death. The determination of premiums for insurances and...
This is the first in a two-course sequence that deals with corporate financial decision-making. Topics may include time value of money, capital...
Policy values and reserves. Multiple life functions and multiple state models. [Note: Some of the material covered in STAT 333 reinforces some of the...
Time value of money. Introduction to corporate finance in a mathematical setting. Description and valuation of financial instruments, including...
Investment decision using Markowitz and utility theory. Capital Asset Pricing Model. Arbitrage Pricing Theory. Market efficiency. Capital structure...
This course is a continuation of AFM 272/ACTSC 291. Topics to be explored are covered under the listing for AFM 272/ACTSC 291. Prereq: AFM 272/ACTSC...
Models for loss severity: parametric models, effect of policy modifications, tail behaviour. Models for loss frequency: (a, b, 0), (a, b, 1), mixed...
Credibility theory: limited fluctuation; Bayesian; Buhlmann; Buhlmann-Straub; empirical Bayes parameter estimation; statistical inference for loss...
The Mathematics of Survival Models, some examples of parametric survival models. Tabular survival models, estimates from complete and incomplete data...
Duration analysis and immunization. Interest rate derivative securities and their application in asset-liability management. Stochastic approaches to...
Mathematical techniques used to price and hedge derivative securities in modern finance. Modelling, analysis and computations for financial derivative...
Theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied to private pensions. Concepts of...
Cash flow projection methods for pricing, reserving and profit testing; deterministic, stochastic and stress testing; pricing and risk management of...
An introduction to property/casualty rate making. The economics of insurance. The ratemaking process. Individual risk rating. Reinsurance, expense...
An introduction to property/casualty loss reserving techniques. Claim payment process. Chain-ladder methods. Stochastic models. Prereq: (AFM...
This course covers various advanced topics in corporate finance, with emphasis on theories of corporate incentives and asymmetric information....