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Advanced Models and Methods for Long-Term Insurance RISK 412 (3)
A practical introduction to advanced models and methods used in the valuation and management of long-term insurance coverages. Topics include cash-flow based profit analysis of modern life insurance products (universal life insurance, equity-linked insurance, and contracts with embedded options), stochastic pricing and reserving, and stochastic longevity models. Prerequisite: RISK 311 or ACMA 301, with a minimum grade of C. Corequisite: RISK 441 or ACMA 340, with a minimum grade of C. Students with credit for RISK 802 may not take this course for further credit.