Stat 344: Long-term Actuarial Mathematics

Fall 2023
TuTh 2:00-3:15 pm
WVB 1159
Syllabus
Announcements

In this course we focus on the types and pricing of life insurance and life annuity contracts. We will cover chapters 1-7 and 18 of the book, namely survival models, life tables, insurance, annuities, premiums, and reserves.

Lecture Slides

Chapter 1 - Introduction
Chapter 2 - Survival Models
Chapter 3 - Life Tables and Selection
Chapter 4 - Life Insurance
Chapter 5 - Life Annuities
Chapter 6 - Premiums
Chapter 7 - Policy Values
Chapter 18 - Estimating Survival Models

Homework

Assignment 1 - Solution
Assignment 2 - Written Solution - Excel Solution
Assignment 3 - Written Solution - Excel Solution
Assignment 4 - Written Solution - Excel Solution
Assignment 5 - Written Solution
Assignment 6 - Written Solution - KM and NA Solutions

Exams

Practice Midterm: Problems - Solution
Practice Final: Problems - Solution

Supplementary Material

US Mortality 1933-2006
SSSM-LifeTable
Exam FAM-L Tables
Exam FAM-L Notation
Exam FAM-L Questions and Solutions
Retrospective Policy Values

Acknowledgements

Thanks to Chris Groendyke.