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The course covers property and casualty and health insurance topics, including loss reserving, ratemaking, coverage modifications (deductibles, limits, coinsurance), and risk measures such as VaR and TVaR. It also addresses experience rating, premium calculation, and unpaid loss estimation using chain ladder, average cost per claim, and Bornhuetter Ferguson, plus reinsurance and claim amount distributions.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/acts-4304-syllabus-short-term-actuarial-mathematics-i-fall-2026/399192/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/acts-4304-syllabus-short-term-actuarial-mathematics-i-fall-2026/399192.png","ImageObject",300,407,{"name":92,"@type":93},"Jacob","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-10","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What models are emphasized in ACTS 4304, and how are they applied?","Question",{"text":113,"@type":114},"The course develops severity, frequency, and aggregate risk models and applies them to insurance and other financial risks, including property/casualty and health insurance contexts.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"Which exam preparation areas does the syllabus reference?",{"text":118,"@type":114},"The syllabus states the class covers parts of SOA Exam STAM and CAS Exams MAS I, MAS II, and 5.",{"name":120,"@type":111,"acceptedAnswer":121},"How does the course address pricing, reserving, and unpaid loss estimation?",{"text":122,"@type":114},"Students learn experience rating and premium calculation methods, then estimate unpaid losses from a run-off triangle using chain ladder, average cost per claim, and Bornhuetter Ferguson, including the underlying statistical models.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},399192,1790527986,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","ACTS 4304 SYLLABUS. SHORT TERM ACTUARIAL MATHEMATICS I. FALL 2026  \nACTS 4304 SYLLABUS FALL 2026  \nShort Term Actuarial Mathematics I  \nBRIEF DESCRIPTION: The purpose of this class is to develop the student's knowledge of the severity, frequency and aggregate risk models and the application of those models to insurance and other financial risks. Property/Casualty Insurance coverages, health insurance, loss reserving, ratemaking, coverage modifications and risk measures will be discussed. This class covers parts of SOA Exam STAM and CAS Exams MAS I, MAS II and 5. Prerequisite: STAT 4352 with the grade C-or higher.  \nThe class meets on T/TH 11:30 am-12:45 pm in room SLC 1.202 (Student Learning Center) .  \nNOTE for ACTUARIAL MAJOR STUDENTS: This course constitutes the first part of a sequence. You must receive the grade of a C-or higher in this course to be able to take ACTS 4305 and ACTS 4311 in the Spring semester.  \nINSTRUCTOR: Natalia A. Humphreys  \nOffice: FO 2.402E Tel. (972) 883-6597  \n[E-mail:](E-mail: natalia.humphreys@utdallas.edu)[ ](E-mail: natalia.humphreys@utdallas.edu)[natalia.humphreys@utdallas.edu](E-mail: natalia.humphreys@utdallas.edu)  \nOffice Hours: T/TH 1:00 pm – 2:00 pm, or by appointment (In-person, Zoom) .  \nINSTRUCTIONAL MODE: Traditional Classroom/Laboratory Course (face-to-face)– The instructor and students are present in the classroom/laboratory each class meeting according to the class schedule.  \nCOURSE PLATFORM: This course will be delivered in a classroom on UT Dallas Campus. Some material will be posted on e-Learning.  \nLEARNING OUTCOMES:  \nAt the end of the course students will be able to perform the tasks listed below.  \nA. Severity Models  \n1. Calculate the basic distributional quantities:  \na) Moments  \nb) Percentiles  \nc) Generating functions  \n2. Describe how changes in parameters affect the distribution.  \n3. Recognize classes of distributions and their relationships.  \n4. Apply the following techniques for creating new families of distributions:  \na. Multiplication by a constant  \nACTS 4304 SYLLABUS. SHORT TERM ACTUARIAL MATHEMATICS I. FALL 2026  \nb. Raising to a power  \nc. Exponentiation,  \nd. Mixing  \n5. Identify the applications in which each distribution is used and reasons why.  \n6. Apply the distribution to an application, given the parameters.  \n7. Calculate various measures of tail weight and interpret the results to compare the tail weights.  \n8. Identify and describe two extreme value distributions.  \nB. Frequency Models for the Poisson, Mixed Poisson, Binomial, Negative Binomial, Geometric distribution and mixtures thereof:  \n1. Describe how changes in parameters affect the distribution,  \n2. Calculate moments,  \n3. Identify the applications for which each distribution is used and reasons why, 4. Apply the distribution to an application given the parameters.  \n5. Apply the zero-truncated or zero-modified distribution to an application given the parameters.  \nC. Aggregate Models  \n1. Compute relevant parameters and statistics for collective risk models.  \n2. Evaluate compound models for aggregate claims.  \n3. Compute aggregate claims distributions.  \nD. For severity, frequency and aggregate models  \n1. Evaluate the impacts of coverage modifications:  \na) Deductibles  \nb) Limits  \nc) Coinsurance  \n2. Calculate Loss Elimination Ratios.  \n3. Evaluate effects of inflation on losses.  \nE. Risk Measures: Calculate VaR, and TVaR and explain their use and limitations.  \nF. Insurance and Reinsurance Coverages  \n1. Describe different types of short-term insurance coverage including auto, homeowners, liability, health, disability, and dental.  \n2. Describe the types of policy limits and coverage modifications for short-term insurance.  \n3. Describe the operation of basic forms of proportional and excess of loss reinsurance.  \n4. Derive the distribution of claim amounts paid by the insurer and reinsurer under various forms of reinsurance.  \nG. Pricing and Reserving for Short-Term Insurance ","cbCaidEFQca3rzBl","https://ap.wps.com/l/cbCaidEFQca3rzBl","pdf",124449,"English","# Course Overview\n## Brief Description and Coverage\n## Instructor and Logistics\n# Learning Outcomes\n## Severity Models\n## Frequency Models\n## Aggregate Models\n## Coverage Modifications and Risk Measures\n## Insurance and Reinsurance Coverages\n## Pricing and Reserving for Short-Term Insurance Coverages\n# Textbooks and Additional Texts\n# Material Covered","[{\"question\":\"What models are emphasized in ACTS 4304, and how are they applied?\",\"answer\":\"The course develops severity, frequency, and aggregate risk models and applies them to insurance and other financial risks, including property/casualty and health insurance contexts.\"},{\"question\":\"Which exam preparation areas does the syllabus reference?\",\"answer\":\"The syllabus states the class covers parts of SOA Exam STAM and CAS Exams MAS I, MAS II, and 5.\"},{\"question\":\"How does the course address pricing, reserving, and unpaid loss estimation?\",\"answer\":\"Students learn experience rating and premium calculation methods, then estimate unpaid losses from a run-off triangle using chain ladder, average cost per claim, and Bornhuetter Ferguson, including the underlying statistical models.\"}]","ACTS 4304 Syllabus - Short Term Actuarial Mathematics I - Fall 2026 | PDF",1790494398,13]