MAST 725
Credibility Theory
Fall 2026 · Selected Topics in Probability, Statistics and Actuarial Mathematics
Topics
- Property and casualty insurance ratemaking
- Limited-fluctuation credibility
- Greatest-accuracy credibility
- American, Bayesian and exact credibility
- Bühlmann and Bühlmann–Straub models
- Reserving methods
Readings
- Listed textbook (requirement not stated): S. A. Klugman, H. H. Panjer and G. E. Willmot. Loss Models, From Data to Decision, 5th edition. Wiley, 2019.
- Reference (not explicitly required): R. L. Brown. Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 4th edition. ACTEX, 2015.
Fall 2025 · ACTU 458
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models: From Data to Decision, 5th edition, Wiley, 2019; 4th edition (2012) also accepted.
- Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 4th Edition, by R.L. Brown, Actex 2015.
Fall 2022 · ACTU 458
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models: From Data to Decision, 5th edition, Wiley, 2019; 4th edition (2012) also accepted.
- Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 4th Edition, by R.L. Brown, Actex 2015.
Fall 2021 · ACTU 458
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models: From Data to Decision, 5th edition, Wiley, 2019; 4th edition (2012) also accepted.
- Effective Statistical Learning Methods for Actuaries I, GLMs and Extensions. By M. Denuit and D. Hainaut, 1st Edition, Springer, 2019.
- Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance, 4th Edition, by R.L. Brown, Actex 2015.
Sources
- Course catalogue ↗2026–2027
- Syllabus or course outline ↗Fall 2026
- Historical course outline ↗Fall 2025
- Historical course outline ↗Fall 2022
- Historical course outline ↗Fall 2021
- Fall 2026 outline. Course header explicitly lists ACTU 458, MAST 725, MAST 881. The 4th edition of Loss Models (2012) is also accepted.
- 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.