Dec 13, 2025  
OHIO University Graduate Catalog 2022-23 
    
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OHIO University Graduate Catalog 2022-23 [Archived Catalog]

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MATH 5550 - Basic Principles of Actuarial Science

Basic concepts of risk theory and utility theory, applied calculus and probability models for the analysis of claims, frequency and severity of distributions, loss distributions, premium determination, insurance with deductible, reinsurance and self-insurance.

Requisites: MATH 5500 or concurrent
Credit Hours: 3
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Be equipped with basic skills required for the first actuarial science exam.
  • Find probabilities, moments and distributions using various methods.
  • Solve the problems arising in the context of risk management.


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