Policy values; multiple state models; formulae for probability; Markov multiple state models; pension mathematics; yield curves; interest rate risk; emerging costs for life insurance; equity linked insurance; deterministic and stochastic pricing; reserving, participating, and universal life insurance. Precludes additional credit for STAT 3662 (no longer offered). Prerequisite(s): STAT 3661 with a grade of C+ or higher; or permission of the School. Lectures three hours a week, tutorial one hour a week.
Policy values; multiple state models; formulae for probability; Markov multiple state models; pension mathematics; yield curves; interest rate risk; emerging costs for life insurance; equity linked insurance; deterministic and stochastic pricing; reserving, participating, and universal life insurance. Precludes additional credit for STAT 3662 (no longer offered). Prerequisite(s): STAT 3661 with a grade of C+ or higher; or permission of the School. Lectures three hours a week, tutorial one hour a week.
