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Ma 463: Actuarial Mathematics I

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Actuarial modeling, including life states, survival models, and relevant random variable calculations; premium and reserves calculations; pension and retirement calculations, Prerequisite: Ma 136 and Ma 299. Corequisite: Ma 345, 3 credits.

Fall 2025 Course Information

Readings

Beginners Guide to the Casualty Actuarial Language

Handouts (Collected Homework)

Ch 2 Notation/English

Ch 2 Notation/Formulas

Ch 2 Constant Mortality

 Ch 4 Notation/English

 Ch 4 Constant Mortality

 Ch 5 Constant Mortality

 Ch 6 Premiums/Loss

 Ch 7 Valuation

Homework

Recommended Problems:

Coaching Actuaries Practice Problems for each chapter
Chapter 2:  #1, 2, 4, 5, 8, 9, 14, 16, 17, 18
Chapter 3:  #1 (just graphs are okay, use the life tables), 2, 4, 5, 6, 11, 13
Chapter 4:  #1 - 4, 9, 10, 11, 15, 16, 18, 20, 21, 25, 27, 33
Chapter 5:  #1 - 6, 10, 14, 20, 22, 25   
Chapter 6:  #1 - 4, 6, 7, 10 - 13, 16, 18, 25  
Chapter 7:  #1, 8, 9, 11, 13, 14, 16, 17, 20, 22, 23

 

Papers

Actuary Roles

 Actuarial Ethical Concerns

Project

Capstone Project F25

Additional Resources

SOA Exam FAM

SOA Exam FAM-L Tables - these will be provided to you for each test