Advanced Short-Term Actuarial Mathematics

Prerequisites: MET AT 531 or consent of instructor. How do you accurately price an insurance policy when you don’t have all the data? In short-term insurance, like medical or auto, uncertainty is the only constant. You’ll push your modeling skills to the limit by tackling advanced severity, frequency, and aggregate models. You’ll learn to evaluate both complete and incomplete data sets to build accurate pricing structures. Finally, you’ll master crucial credibility models, including Classical, Bühlmann-Straub, and Bayesian methods, to continuously refine your accuracy. Mastering this material helps you prepare for SoA Exam ASTAM.