Prerequisites: MET AT 531 or consent of instructor. - This course continues with the development of long-term financial models introduced in MET AT 531. Insurance Reserves are introduced, including methods for determining reserves, the impact of actuarial assumptions on the calculations, and the effect of real-world results that do not match those assumed. Multiple life and multiple decrement models are introduced, as are Multiple State/Markov Chains and pension mathematics. The material covered in this course may help students prepare for SoA Exam ALTAM.

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