Fundamentals of Actuarial Mathematics

Prerequisites: MET MA 581 or CAS MA 581; MET AT 521; or consent of instructor. How do actuaries predict the financial future of an insurance policy? You’ll unpack the core mechanics of both long- and short-term insurance. Discover how to build severity and frequency models, and learn the foundational principles of credibility. You’ll also get to see how life insurance companies calculate what its policyholders pay for insurance and annuities (on a theoretical basis). And, you’ll learn and be astounded by how actuaries calculate how long someone is expected to live! Mastering this material helps you prepare for SoA Exam FAM.