AS 3424/9424 Short Term Actuarial Math I - Course outline - Winter 2021

Sep 27, 2026

Course outline for AS 3424/9424 Short Term Actuarial Math I for Winter 2021, covering insurance loss frequency and severity modeling, aggregate loss models, risk measures, ruin theory, and coverage modifications. Includes technical requirements, a detailed class calendar with reading week and exam period dates, and prerequisite eligibility rules for enrollment. Provides instructor and teaching assistant contact information, course learning outcomes aligned to SOA STAM syllabus topics 1–5, and synchronous/asynchronous delivery modes with posting schedules.

LanguageEnglish

CategoryExam

FormatPDF

Pages9

Reading Time23 min

AccessFree to download

Technical Requirements and Important Dates

Course Information

Course Name and Prerequisites

Instructor Information

Course Coordinator and Instructor

Teaching Assistants

Office Hours

Course Syllabus, Schedule, and Delivery Mode

Course Description

Learning Outcomes

Delivery Mode and Posting Rules

Table of Contents and Schedule

Week-by-Week Topics

Department of Statistical and Actuarial Sciences AS 3424/9424 Short Term Actuarial Math I Course outline for Winter 2021 |
Although this academic year might be different, Western University is committed to a thriving campus. We encourage you to check out the Digital Student Experience website to manage your academics and well-being. Additionally, the following link provides available resources to support students on and off campus: [https://www.uwo.ca/health/](https://www.uwo.ca/health/) . | | | --- | --- | Technical Requirements and Important Dates: Stable internet connection Working microphone Laptop or computer Working webcam | Classes Start | Reading Week | Classes End | Study day(s) | Exam Period | | --- | --- | --- | --- | --- | | January 11 | February 15-19 | April 12 | April 13 | April 14-30 | * March 15 , 2021 : Last day to drop a second-term half course or a second-term full course without penalty 1. Course Information Course information Course Name AS 3424/9424 Short Term Actuarial Math I Academic Term Winter 2021 Lecture Hours Monday, Wednesday, Friday 9:30am – 10:30am List of Prerequisite(s) A minimum mark of 60% in Statistical Sciences 3657 A/B Unless you have either the requisites for this course or written special permission from your Dean to enroll in it, you may be removed from this course and it will be deleted from your record. This decision may not be appealed. You will receive no adjustment to your fees in the event that you are dropped from a course for failing to have the necessary prerequisites. 2. Instructor Information | Course Coordinator | Contact Information | | --- | --- | | Shu Li | [shu.li@uwo.ca](shu.li@uwo.ca) | | Course Instructor | Contact Information | | --- | --- | | Shu Li | [shu.li@uwo.ca](shu.li@uwo.ca) | | Teaching Assistant(s) | Contact Information | | --- | --- | | Duo Xu | [dxu258@uwo.ca](dxu258@uwo.ca) | | Dechen Gao | [dgao28@uwo.ca](dgao28@uwo.ca) | | Office Hours | Zoom or MS Teams or in Person | Names | | --- | --- | --- | | TBD | | | | | | | | | | | Students must use their Western (@[uwo.ca](uwo.ca)) email addresses when contacting their instructors and indicate the course number (AS 3424) in the subject line. We strive to answer all emails within 2 business days. 3. Course Syllabus, Schedule, and Delivery Mode Course Description Insurance loss frequency and severity models; aggregate loss models; risk measures; ruin theory; coverage modifications. | Type | Mode | Dates | Time | Frequency | | --- | --- | --- | --- | --- | | Lecture | Synchronous online | M | 9:30am – 10:30am | weekly | | Lecture | Asynchronous online | W/F | 2 hours | weekly | Synchronous lectures will NOT be recorded. The lecture notes for Synchronous lectures will be posted after each session. Asynchronous lectures will be posted on W/F around 9:30am. Learning Outcomes This course material supports the following Learning Objectives/Outcomes from SOA ShortTerm Actuarial Mathematics Exam (STAM) Syllabus Topics 1 – 5. 1. Severity models a) Calculate the basic distributional quantities: moments, percentiles and generating functions. b) Describe how changes in parameters affect the distribution. c) Recognize classes of distributions and their relationships. d) Apply the following techniques for creating new families of distributions: multiplication by a constant, raising to a power, exponentiation and mixing. e) Identify the applications to which each distribution may apply and reasons why. f) Apply the distribution, given the parameters. g) Calculate various measures of tail weight and interpret the results to compare the tail weights. 2. Frequency models For the Poisson, mixed Poisson, binomial, negative binomial, geometric distribution and mixtures thereof: a) Describe how changes in parameters affect the distribution. b) Calculate moments and generating functions. c) Identify the applications in which ea

FAQs

What are the technical requirements for AS 3424/9424 Short Term Actuarial Math I?

The course requires stable internet connection, a working microphone, a laptop or computer, and a working webcam.

What are the key learning outcomes for severity, frequency, and aggregate models?

Students learn distributional quantities for severity models, how parameter changes affect distributions, and techniques to create new distribution families. For frequency models, they compute moments and generating functions and apply distributions including zero-truncated and zero-modified cases. For aggregate models, they compute collective/individual risk parameters and derive distributions for aggregate claims and compound models.

How are synchronous and asynchronous lectures delivered and how are lecture notes posted?

Synchronous online lectures are not recorded, and lecture notes are posted after each session. Asynchronous lectures are posted on W/F around 9:30am.

Sep 27, 2026

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