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Math 173A: General Course Outline

Catalog Description

173A. Casualty Loss Models I. (4) Lecture, four hours. Enforced requisites: courses 170A and 170B (or Statistics 100A and 100B), 175. Designed to prepare students for Society of Actuaries Construction and Evaluation of Actuarial Models examination. Provides understanding of various casualty loss models. Coverage of steps involved in modeling process and how to carry out these steps in solving business problems. Letter grading.

Textbook

Klugman, Panjer and Wilmot, Loss Models: From Data to Decisions, 4th Edition, 2012, by SOA. Textbook is subject to change.

Updated: 9/14

Schedule of Lectures

Lecture Section Topics

1-2

Severity models

3

Frequency models

4-5

Aggregate loss models

6

Coverage modifications

7-8

Construction of empirical models

9-10

Selection of empirical models