Fundamental Actuarial Concepts . PSTAT 183
Introduces students to practical actuarial concepts and principles related to Property/Casualty Insurance (also known as General Insurance). Topics include pricing methods, reserving methods, insurance accounting, actuarial standards, and other subject matter students are likely to encounter early in their actuarial career. Examples expose students to Property Casualty Insurance; however, many of the concepts covered such as; frequency, severity, development, trend, deductibles and coinsurance, also apply to other practice areas (e.g., Life, Health, or Retirement).
Prerequisites: PSTAT 171
4
UnitsOptional
Grading1, 2
PasstimeNone
Level LimitLetters and science
CollegeThese majors only finms stsds actsc stsap stats
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25
3.0
People leave bad reviews because they don't know how to effectively self-study. This is one of the skills that an actuary must have. 172B isn't bad if you know how to read a textbook and apply formulas to solve problems. That's it.
He's very funny but his math skills are questionable. If you get a good TA and you actually read the textbook then the class is a whole lot easier
do not take 171 with him. average mid term on his class is 3 out of 24.
The course and content is difficult, and the professor just reads off the materials in class, but that's because the materials he wrote for the course are detailed, and could be understood easily. The professor is really respected and sometimes humorous so it is not that bad.(171 last quarter) Update: I got A in his 172A. Very interesting course!
His grade policy is so bad! Over 50 in finals and final is very hard and dont have enough time. The curve is bad. Dont take his course!
Material builds up quickly in the course so you need to focus on the concepts. Do the homework and any practice problems he gives, you should be fine.
Andrew Carter
3.1
Michael Ludkovski
3.3