MATH 5030

Textbook: Actuarial Mathematics by N.L. Bowers, H.U. Gerber, J.C. Hickman, D.A. Jones and C.J. Nesbitt, 2e

Prerequisite: Math 5010 or permission of the instructor

Topics to be covered:
  1. Utility theory and optimal insurance
  2. Individual risk models
  3. Survival distributions and life tables
  4. Life insurance
  5. Life annuities
  6. Benefit premiums
  7. Benefit reserves
  8. Analysis of benefit reserves
  9. Collective risk models
  10. Application of risk theory
Homework: At the end of each chapter there are several exercises. You should work on the exercises since the midterms and the final will include similar problems.

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