School of Data Intelligence and Technology
Undergraduate

Term: Fall 2026
Session: Full Term (Aug 31 - Dec 18)
Start Date: Monday, Aug 31, 2026
End Date: Friday, Dec 18, 2026
Availability: On Campus
Day(s): Mon./Wed./Fri.
Time: 01:00 PM to 01:50 PM

This course covers the fundamentals of modeling the losses of short-term insurance coverages. Students will learn aboutthe various types of short-term coverages such as property/casualty insurance and health insurance as well as commoncoverage modifications. Common models for frequency severity and aggregate losses are discussed. A thoroughknowledge of calculus probability and mathematical statistics is assumed. The course is designed to help students preparefor the Fundamentals of Actuarial Mathematics exam (FAM) and the Advanced Short-Term Actuarial Mathematics(ASTAM) exam offered by the Society of Actuaries.Prerequisites: STAT 3140 and 3150