MA (ST) 413 Short-Term Actuarial Models
Summer II, 2017          MTWHF 8:00am-9
:30am             PS 215

1. Instructor:             Tao Pang                     Office            SAS Hall 4116
    Telephone:             513-2110                      Email:    
   Office hours:          Tuesday 4-5pm, or by appointment.

2. Prerequisites:

MA 421 or equivalent is preferred but not required. However, the student should be familiar with basic probability concepts and distributions. Knowledge of long-term models as developed in MA 412—Long-Term Actuarial Models is not assumed.

3. Textbooks:

-   Loss Models: From Data to Models (4th Edition) by Klugman, Panjer and Willmot, required.

-   Actuarial Mathematics by Bowers, Gerber, Hickman, Jones and Nesbitt, 2nd Ed. /1997, optional.

4. Course Objectives:

This course introduces students to risk management systems by developing some short-term probability models for potential losses. Short-term probability models are appropriate for most traditional property, liability, health and group insurance systems. 


Assignments and Exams


Gamma function and Beta function


Society of Actuaries

SOA Professional Exams