year, First Semester, Two two-hour lectures per week.
Convener : Associate
Professor I. L. MacDonald
- BUS2016H Actuarial Science I:
- MAM2000W Mathematics
- STA2005S Statistics
- BUS1003H Introduction to Actuarial
Principles of actuarial
modelling; principles and classification of stochastic processes; definition
and application of Markov chains and processes. Survival models, estimation of
lifetime distributions; multiple states; single and multiple decrements,
transition intensities and maximum likelihood estimators. Binomial model of
mortality, multiple state models. Process of graduation. Testing crude
estimates; standard tables.
submission of all tutorial exercises and writing of all class tests. An overall
average of 40% for classwork.
- Tutorial and Tests 40%
- Examination (3hrs) 60%
Last updated : 11 Aug 2014