Life Contingencies I

3 credits · Undergraduate credit

Quantifying the financial impact of uncertain events is the central challenge of actuarial mathematics. The goal of this course is to teach the basic actuarial theory of mathematical models for financial uncertainties, mainly the time of death. The main topics are the development of (1) probability distributions for the future lifetime random variable; (2) probabilistic methods for financial payments on death or survival; and (3) mathematical models of actuarial reserving.