Sep 25, 2024  
OHIO University Undergraduate Catalog 2019-20 
    
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OHIO University Undergraduate Catalog 2019-20 [Archived Catalog]

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MATH 4550 - Basic Principles of Actuarial Science

Basic concepts of risk theory and utility theory, applied calculus and probability models for the analysis of claims, frequency and severity of distributions, loss distributions, premium determination, insurance with deductible, reinsurance and self-insurance.

Requisites: MATH 4500 concurrent
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Be equipped with basic skills required for the first actuarial science exam.
  • Find probabilities, moments, and distributions using various methods.
  • Solve the problems arising in the context of risk management.


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