Department of Statistics

Recent Instructors Pang, Tao	ST (MA) 413	Short-Term Actuarial Models
	Course Description Short-term probability models for risk management systems. Frequency distributions, loss distributions, the individual risk model, the collective risk model, stochastic process models of solvency requirements, applications to insurance and businessdecisions. Course Syllabus Frequency Distributions Loss Distributions and Severity Random Variables Individual Risk Models Collective Risk Models Poison Processes and Compound Poisson Processes Application of Risk Models Course Prerequisites MA 241 or MA 231 Course Corequisites MA 421, ST350, ST301, ST311, ST361, ST371, ST380 or equivalent Recent Textbooks Actuarial Mathematics, 2nd ed., by N. Bowers, H. Gerber (1997)