This program is offered by the Mathematical Sciences Department
Prepares students for work in life, health, and property casualty insurance as well consulting firms and government agencies analyzing risk and solving financial problems. Coursework covers a substantial portion of the material on the first four examinations of the Society of Actuaries and the Casualty Actuarial Society.
Learning outcomes are consistent with those of the North American actuarial societies and the International Actuarial Association. Students in this program will be expected to:
- construct both deterministic and stochastic valuation models;
- have a working knowledge of insurance and financial instruments, including derivatives; and
- estimate both parametric and nonparametric models for frequency and severity and use the models to estimate the distribution of total losses and the probability of ruin.