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Students study insurance coverage and retirement financial security features, mortality models for individual lives, present value random variables for benefits and expenses, and premium calculation processes. The syllabus lists approved TI calculators, lecture access via ICON, tentative weekly topics, prerequisites, and evaluation rules for attendance, assignments, and biweekly quizzes.",{"@graph":69,"@context":127},[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/acts41300001-quantitative-methods-for-actuaries-course-syllabus-fall-2025/398915/",{"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/acts41300001-quantitative-methods-for-actuaries-course-syllabus-fall-2025/398915.png","ImageObject",300,407,{"name":92,"@type":93},"gewufjwa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-28","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119,123],{"name":110,"@type":111,"acceptedAnswer":112},"What is the course’s focus within the SOA FAM exam?","Question",{"text":113,"@type":114},"The course covers only the SOA Exam FAM part related to the theoretical basis of contingent payment models and their application to insurance and other financial risks.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What prerequisites are required to take ACTS:4130:0001?",{"text":118,"@type":114},"Prerequisites are STAT:3100 with a minimum grade of B- and ACTS:3080 with a minimum grade of C+.",{"name":120,"@type":111,"acceptedAnswer":121},"Which calculator models are approved for quizzes and exams?",{"text":122,"@type":114},"Approved models include TI BA-35, BA II Plus, BA II Plus Professional (TI-30Xa/TI-30XA), TI-30X II (solar or battery variants), and TI-30XS MultiView (XB battery or equivalent). The exam does not permit calculator covers or instructions.",{"name":124,"@type":111,"acceptedAnswer":125},"How are assignments and biweekly quizzes graded?",{"text":126,"@type":114},"Assignments are worth 20% and must be scanned and uploaded to ICON by the following Saturday midnight; late work is not accepted. Biweekly quizzes total 15% across seven quizzes, with the lowest quiz score dropped for grading.","https://schema.org",{"og:url":83,"og:type":129,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":131,"canonical":83},"index,follow",{"doc_id":133,"site_id":62},398915,1790528476,{"code":4,"msg":5,"data":136},{"doc_id":133,"user_id":137,"nickname":92,"user_avatar":138,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":139,"file_id":140,"file_url":141,"file_type":142,"file_size":143,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":52,"language":144,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":145,"faqs":146,"seo_title":147,"seo_description":67,"update_tm":148,"read_time":149,"preview_page_count":4},3985747882900,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","The University of Iowa College of Liberal Arts and Sciences Fall-25’  \nCourse Information  \nCourse: ACTS:4130:0001-Quantitative Methods for Actuaries  \nTime: 1:30 – 2:20 MWF  \nClassroom: B60 PBSB (In-Person)  \nDepartment: Dept. of Statistics and Actuarial [Science-](Science-www.stat.uiowa.edu)[www.stat.uiowa.edu](Science-www.stat.uiowa.edu)  \nCourse Website: Iowa Courses Online (ICON); access using your Hawk ID and password.  \nInstructor and Grader Information  \nName: Prof. Nariankadu Shyamalkumar  \nOffice: 233 SH  \nPhone: 319-335-1980  \nEmail: [shyamal-kumar@uiowa.edu](shyamal-kumar@uiowa.edu)  \nOffice Hours: 2:30 – 3:30 MW (Zoom-Meeting ID 949 9189 7471) F (in 233SH)  \nGrader: Uthapala Gunathilake  \nGrader’s Email: [uthpala-gunathilake@uiowa.edu](uthpala-gunathilake@uiowa.edu)  \nDepartment Executive Officer  \nName: Prof. Kung-Sik Chan  \nOffice: 241 SH  \nEmail: [kung-sik-chan@uiowa.edu](kung-sik-chan@uiowa.edu)  \nCourse Description and Learning Outcomes  \nThis is the first of an essentially three-course sequence, with the other two being ACTS:4180 and ACTS:4280 . These courses, together, would cover the long-term insurance part of the SOA exam, titled Fundamentals of Actuarial Mathematics (FAM), and the syllabus of the SOA exam, Advanced Long-Term Actuarial Mathematics (ALTAM) .  \nThis course covers only the above-mentioned part of the SOA Exam FAM, specifically the parts related to the theoretical basis of contingent payment models and their application to insurance and other financial risks. Students will learn the following:  \n1. The key features of insurance coverages and retirement financial security programs.  \n2. The key concepts concerning parametric and non-parametric mortality models for individual lives.  \n3. The calculations on the present value random variables associated with benefits and expenses for long-term insurance coverages.  \n4. The use of the premium calculation processes for long-term insurance coverages, and gain the ability to explain the process.  \nThis course is approved by the SOA UEC program for part of the SOA exam Fundamentals of Actuarial Mathematics (FAM) . This course, together with ACTS:4150 (Spring offering), covers the syllabus for this exam.  \nPrerequisites: STAT:3100 with a minimum grade of B- and ACTS:3080 with a minimum grade of C+ .  \nTextbook, References, & Calculators  \nTextbook: Dickson, David CM and Hardy, Mary R and Waters, Howard R Actuarial mathematics for life contingent risks (Third Edition), 2020, Cambridge University Press , ISBN: 978 -1-108-47808-3  \nWe will cover the following sections from the text:  \n• Chapters 1 and 2  \n• Chapter 3 (except Sections 4, 10, 11, 12)  \n• Chapters 4, 5, and 6 References:  \n1. Actuarial Mathematics, 2nd edition (1997), by N. L. Bowers, Jr., H. U. Gerber, J. C. Hickman (U Iowa MS 1952, PhD 1961), D. A. Jones (U Iowa MS 1956, PhD 1959), and C. J. Nesbitt, SOA.  \n2. Life Contingencies, 2nd edition (1967), by C. W. Jordan, Jr., Society of Actuaries, Chicago.  \n3. Life Insurance Mathematics, 3rd edition (1997), by H. U. Gerber (a book published by Springer for the Swiss Association of Actuaries) . Available here for purchase.  \n4. The Mathematics of Life Insurance: A Practical Guide to the Application of Insurance Principles (1965), by W. O. Menge and C. H. Fischer (U Iowa MS 1930, PhD 1932), Ulrich’s, Ann Arbor, MI. This book does not use calculus.  \n5. Fundamentals of Actuarial Mathematics, 3rd edition (2015), by S. D. Promislow, Wiley.  \n6. Stochastic Models in Life Insurance (2012), by Michael Koller (a book published by Springer for the European Actuarial Academy) . Available here for free download.  \nTable 1: Tentative Schedule  \n\n| Week(s) | Topic | Chapter |\n| --- | --- | --- |\n| 1 | Long-Term Insurance Coverage and Retirement Financial Security Programs | 1 |\n| 2-3 | Survival Models | 2 |\n| 4-5 | Life Tables and Selection | 3 |\n| 6-9 | Insurance Benefits | 4 |\n| 10-11 | Annuities | 5 |\n| 12-15 | Premium Calculations | 6 |\n\nCalculator: T","cbCaifVPzh9mPoca","https://ap.wps.com/l/cbCaifVPzh9mPoca","pdf",266271,"English","# Course Information\n## Instructor and Grader Information\n## Course Description and Learning Outcomes\n## Prerequisites\n## Textbook, References, & Calculators\n## Tentative Schedule\n## Evaluation","[{\"question\":\"What is the course’s focus within the SOA FAM exam?\",\"answer\":\"The course covers only the SOA Exam FAM part related to the theoretical basis of contingent payment models and their application to insurance and other financial risks.\"},{\"question\":\"What prerequisites are required to take ACTS:4130:0001?\",\"answer\":\"Prerequisites are STAT:3100 with a minimum grade of B- and ACTS:3080 with a minimum grade of C+.\"},{\"question\":\"Which calculator models are approved for quizzes and exams?\",\"answer\":\"Approved models include TI BA-35, BA II Plus, BA II Plus Professional (TI-30Xa/TI-30XA), TI-30X II (solar or battery variants), and TI-30XS MultiView (XB battery or equivalent). The exam does not permit calculator covers or instructions.\"},{\"question\":\"How are assignments and biweekly quizzes graded?\",\"answer\":\"Assignments are worth 20% and must be scanned and uploaded to ICON by the following Saturday midnight; late work is not accepted. Biweekly quizzes total 15% across seven quizzes, with the lowest quiz score dropped for grading.\"}]","ACTS:4130:0001 - Quantitative Methods for Actuaries - Course Syllabus - Fall 2025 | PDF",1790490021,25]