Course Winter Timetable |

ACT240H1
Mathematics of Investment and Credit 26L, 13T

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.
Prerequisite: MAT133H/135H/137H/157H

ACT245H1
Fundamental Principles of Actuarial Science 26L, 13T

Introduction to basic concepts of risk management; utility theory; application of calculus and probability to analyze claim and loss frequency and severity of distributions; premium determination; insurance with deductible, reinsurance and self-insurance.
Pre- or co-requisite: ACT240H; STA257H/ECO227Y

ACT247H1
Introductory Life Contingencies 26L, 13T

Probability theory applied to survival and to costs and risks of life assurances, life annuities, and pensions; analysis of survival distributions; international actuarial notation.
Pre- or co-requisite: ACT240H; STA257H/ECO227Y/STA255H(70%)/ECO220Y(80%)

ACT348H1
Advanced Life Contingencies 39L

Determination of benefit premiums and benefit reserves for life insurance and annuities; analysis of insurance loss random variables; theory of life contingencies for multiple lives, multiple decrement theory.
Prerequisite: ACT247H; MAT235Y/237Y/257Y

ACT349H1
Topics in Actuarial Mathematics 26L, 13T

Actuarial applications of financial mathematics and economics.
Prerequisite: ACT240H, 245H; ECO206Y

ACT370H1
Asset and Liability Management 39L

Duration and immunization of fixed income cash flows; stochastic interest rate models applied to the valuation of interest contingent fixed income securities; introduction to valuation of financial derivatives.
Prerequisite: ACT240H; STA257H/ECO227Y

ACT398H0/399Y0
Independent Experiential Study Project

An instructor-supervised group project in an off-campus setting. See page 42 for details.

ACT451H1
Risk Theory 39L

Individual and collective risk model; compound loss distributions; the surplus process and determination of the probability of ruin; stop-loss reinsurance.
Pre- or co-requisite: ACT348H; STA257H/ECO227Y

ACT455H1
Advanced Topics in Actuarial Mathematics 39L

Applications of multiple decrement theory; simulation models.
Pre- or co-requisite: ACT348H, 451H; STA347H

ACT460H1
Survival and Loss Models 39L

Moment and maximum likelihood estimation of mortalitiy probabilities from complete and incomplete data samples for tabular and parametric models; estimation of parametric loss models.
Prerequisite: ACT348H; STA257H/ECO227Y

ACT466H1
Credibility Theory and Simulation Methods 39L

Bayesian estimation, credibility theory, maximum likelihood methods; simulation.
Pre- or co-requisite: ACT348H; STA257H/ECO227Y

ACT470H1
Advanced Pension Mathematics 39L

Topics in pension mathematics; funding methods for pension plans. (Offered in alternate years)
Prerequisite: ACT348H or permission of instruction
Co-requisite: ACT455H

ACT471H1
Actuarial Applications of Finance 39L

Assets, liability and investment management for pension plans. (Offered in alternate years)
Prerequisite: ACT348H or permission of instruction

ACT472H1
Issues in Actuarial Practice 39L

Practical issues that arise for insurance, pension and casualty actuaries.
Prerequisite: ACT348H

ACT496H1/497H1
Readings in Actuarial Science TBA

Independent study under the direction of a faculty member. Persons wishing to take this course must have the permission of the Undergraduate Secretary and of the prospective supervisor.

ACT498Y1/499Y1
Readings in Actuarial Science TBA

Independent study under the direction of a faculty member. Persons wishing to take this course must have the permission of the Undergraduate Secretary and of the prospective supervisor.