MAST 336
Insurance Mathematics
Fall 2026
Topics
- Life insurance and life-contingent annuities
- Survival probabilities
- Actuarial present values of contingent cash flows
- Property and casualty insurance liabilities
- Claim-frequency and claim-severity models
- Aggregate claims models
Readings
- Reference (not explicitly required): D. C. M. Dickson, M. R. Hardy and H. R. Waters. Actuarial Mathematics for Life Contingent Risks, 3rd edition. Cambridge University Press, 2019.
- Reference (not explicitly required): S. A. Klugman, H. H. Panjer and G. E. Willmot. Loss Models, 5th edition. Wiley, New York.
Fall 2025 · MAST 336
Readings
- Actuarial Mathematics for Life Contingent Risks, 3rd Edition, by D.C.M. Dickson, M.R. Hardy, and H.R. Waters, Cambridge University Press, 2019.
- Loss Models, 5th Edition, by Klugman, S.A., Panjer, H.H., and G.E. Willmot, Wiley, New York (you can also use the 4th Edition, if you already own a copy).
Fall 2024 · MAST 336
Readings
- Actuarial Mathematics for Life Contingent Risks, 3rd Edition, by D.C.M. Dickson, M.R. Hardy, and H.R. Waters, Cambridge University Press, 2019.
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models, 5th edition, Wiley; 4th edition also accepted.
Fall 2023 · MAST 336
Readings
- Actuarial Mathematics for Life Contingent Risks, 3rd Edition, by D.C.M. Dickson, M.R. Hardy, and H.R. Waters, Cambridge University Press, 2019.
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models, 5th edition, Wiley; 4th edition also accepted.
Sources
- Course catalogue ↗2026–2027
- Syllabus or course outline ↗Fall 2026
- Historical course outline ↗Fall 2025
- Historical course outline ↗Fall 2024
- Historical course outline ↗Fall 2023
- Fall 2026 outline. Both titles appear under “Reference”. The 4th edition of Loss Models may also be used if already owned.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.