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): Tues./Thurs.
Time: 12:30 PM to 01:45 PM

This course covers various topics related to short-term actuarial mathematics; this primarilyrefers to insurance coverages with frequency and severity components. Models and distributions used to describe and characterize frequencies and severities are discussed. Aggregate loss models including approximations thereof are also covered. Students will apply principles related to Maximum Likelihood Estimation of parametric models. Some basic elementsof credibility theory are discussed. This course also provides an introduction to loss reserving and ratemaking for property and casualty (P&C) insurance coverages. Finally somefundamental elements of option pricing are presented. This course is largely problem-basedand is intended to prepare students for the short-term portion of the Society of ActuariesFAM (Fundamentals of Actuarial Mathematics) Exam.Pre-Req: ASCI 3150 (Financial Mathematics) ASCI 4320 (Actuarial Practice in P&C Insurance) ASCI 4210 (Loss Models I) and ASCI 4220 (Loss Models II). It is recommended that this course be taken concurrently with ASCI 4100 (Life Contingencies I)