MAT 384 - Actuarial Models IV

Department: Mathematics

Description: Severity and frequency models. Aggregate models. Risk measures. Insurance coverages and modifications. Credibility theory. Short term insurance pricing and reserving.

Credit Hours: 4

Prerequisites: Grade of B or better in MAT 351

Current Offerings

For the most up-to-date course information, please check the registration system through your MyIllinoisState portal.

Fall 2025

001 - Lecture (Hybrid): Multiple Meetings - 4.00 hour(s)

Meeting Times:

08/18/2025 - 12/06/2025 : M W 1:00 PM - 2:50 PM - Adlai E. Stevenson Hall 214 (STV 214)
08/18/2025 - 12/06/2025 : TBD TBD - Hybrid Class (HYBRID )

Instructor: Yufeng Guo Krzysztof Ostaszewski Michael Suess

Book Title

ISBN

Author

Edition

Publisher

MSRP

Notes

Intro to Ratemaking & Loss Reserv for Prop & Casua (Required)

ISBN9781625424747

AuthorBrown & Lennox

Edition4th Edition

PublisherActex

MSRP $121.00

LOSS MODELS:FROM DATA TO DECISIONS (Required)

ISBN9781119523789

AuthorKLUGMAN, PANJER,WILMOT

Edition5TH EDITION

PublisherWILEY

MSRP $204.00

Spring 2026

001 - Lecture (Hybrid): Multiple Meetings, Ranee Thiagarajah - 4.00 hour(s)

Meeting Times:

01/12/2026 - 05/02/2026 : TBD TBD - Hybrid Class (HYBRID )
01/12/2026 - 05/02/2026 : M W 4:00 PM - 5:50 PM - Adlai E. Stevenson Hall 136B (STV 136B)

Instructor: Ranee Thiagarajah

Class Notes: This course is primarily in-person, but some class meetings will be synchronous online. Dates of online classes will be communicated by the instructor.

Textbooks have not been finalized for section.