ACT240H1
Mathematics of Investment & 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: MAT133Y1/MAT135Y1/MAT137Y1/MAT157Y1
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.
Prerequisite: ACT240H1; MAT137Y1/MAT157Y1; STA257H1
Co-requisite: MAT237Y1
ACT247H1
Introductory Life Contingencies 39L
Probability theory applied to survival and to costs and risks of life assurances, life annuities, and pensions; analysis of survival
distributions; international actuarial notation, annual benefit premium.
Prerequisite: ACT240H1; MAT137Y1/MAT157Y1; STA257H1
Co-requisite: MAT237Y1
ACT348H1
Advanced Life Contingencies 39L
Determination of benefit reserves for life insurance and annuities; analysis of insurance loss random variables; theory of life
contingencies for multiple lives, multiple decrement theory.
Prerequisite: ACT240H1 (minimum grade
C); ACT245H1 (minimum grade C); ACT247H1 (minimum
grade C); (STA257H1,STA261H1);
MAT235Y1/237Y1
ACT349H1
Corporate Finance for Actuarial Science Mathematics 26L, 13T
Actuarial applications of financial mathematics and economics.
Prerequisite: ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); ACT247H1 (minimum grade C); (STA257H1, STA261H1);
ECO206Y1
 Exclusion: ECO358H1,
ECO359H1, MGT331Y1, MGT337Y1
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: ACT240H1 (minimum grade
C); ACT245H1 (minimum grade C); ACT247H1 (minimum
grade C); (STA257H1,STA261H1);
MAT235Y1/237Y1
ACT398H0/399Y0
Independent Experiential Study Project
An instructor-supervised group project in an off-campus setting. See page 43 for details.
ACT451H1
Risk Theory 39L
Collective risk model; payment and loss random variables; claim count process; the surplus process; ruin models.
Pre- or co-requisite: ACT348H1; STA347H1
ACT455H1
Advanced Topics in Actuarial Mathematics 39L
Applications of probability models and stochastic processes;
Prerequisite: ACT348H1, ACT451H1; STA347H1
ACT460H1
Estimation of Survival & Loss Models 39L
Maximum likelihood estimation, censoring and truncation. Non-parametric and semi-parametric
methods.
Prerequisite: ACT348H1; STA257H1; STA261H1
ACT466H1
Credibility Theory & Loss Models 39L
Bayesian estimation, credibility theory, maximum likelihood methods; properties of loss models, simulation.
Prerequisite: ACT348H1; STA257H1, STA261H1, STA347H1
ACT470H1
Advanced Pension Mathematics 39L
Topics in pension mathematics; funding methods for pension plans. (Offered in alternate years)
Prerequisite: ACT348H1 or permission of instruction
ACT471H1
Actuarial Applications of Finance 39L
Assets, liability and investment management for pension plans. (Offered in alternate years)
Prerequisite: ACT348H1 or permission of instruction
ACT472H1
Issues in Actuarial Practice 39L
Practical issues that arise for insurance, pension and casualty actuaries.
Prerequisite: ACT348H1
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.
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