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## Departmental Honours Programs: Requirements

### Actuarial Science

The Department of Statistics and Actuarial Science offers courses and programs in Actuarial Science which is the application of mathematics and statistics to financial problems with particular emphasis on life insurance, casualty insurance, and employee benefit programs. The courses offered provide theoretical preparation for the courses of the Society of Actuaries and the Casualty Actuarial Society and include studies of such subject areas as Mathematics of Finance, Life Contingencies, Risk Theory, and Casualty Ratemaking.

By carefully selecting their non-math courses, students can also gain valuable background knowledge in economics, finance, administration, and law.

##### Honours Actuarial Science

In conjunction with the common degree requirements in Table I in "Degree Requirements", this program requires at least 26 math half-credits. These overall requirements must include the Faculty core courses outlined in Table II in "Degree Requirements" and the following courses:

All of
ACTSC 231 Mathematics of Finance
ACTSC 232 Introduction to Actuarial Mathematics
ACTSC 331 Life Contingencies 1
ACTSC 431 Risk Theory

One of
ACTSC 332 Life Contingencies 2
ACTSC 432 Loss Distributions and Credibility Theory

ACTSC 332 Life Contingencies 2
ACTSC 338 Graduation of Life Tables
ACTSC 363 Introduction to Casualty Insurance
ACTSC 432 Loss Distributions and Credibility Theory
ACTSC 433 Analysis of Mortality Data
ACTSC 435 Introduction to Demographic Statistics
ACTSC 453 Basic Pension Mathematics
ACTSC 462 Casualty Insurance
C&O 350 Linear Programming (or ACTSC 335)
CS 337 Introduction to Numerical Analysis
STAT 331 Applied Linear Models

All of
STAT 330 Statistical Theory and Methods
STAT 333 Applied Probability

Three additional 400-level or higher math half-credits

All of
ECON 102 Introduction to Macro-economics
MTHEL 305A General Life Insurance 1
MTHEL 305B General Life Insurance 2

ACC 121, 122, 371, 372
BUS 111W, 121W
ECON 101, 201, 202, 231
M SCI 211, 311
PSYCH 101, 253, 254, 338, 339

##### Joint Honours Actuarial Science

See "Academic Programs" for a complete description of Joint program requirements.

All of
ACTSC 231 Mathematics of Finance
ACTSC 232 Introduction to Actuarial Mathematics
ACTSC 331 Life Contingencies 1
ACTSC 431 Risk Theory
MTHEL 305A General Life Insurance 1

Any 300- or 400-level ACTSC half-credit
C&O 350 Linear Programming
CS 337 Introduction to Numerical Analysis
MTHEL 305B General Life Insurance 2
STAT 330 Statistical Theory and Methods
STAT 331 Applied Linear Models

##### Honours 'X' with Actuarial Science Minor

See "Academic Programs" for a complete description of Minor program requirements.

All of
ACTSC 231 Mathematics of Finance
ACTSC 232 Introduction to Actuarial Mathematics
ACTSC 331 Life Contingencies 1
ACTSC 332 Life Contingencies 2
MTHEL 305A General Life Insurance 1

One of
ACTSC 431 Risk Theory
ACTSC 432 Loss Distributions and Credibility Theory

#### Post-Degree Diploma In Actuarial Science

This pre-professional Diploma program is directed at holders of a Bachelor's degree in an area other than Actuarial Science who wish to obtain the background necessary for entry-level employment in the actuarial profession. Instead of completing the standard Ontario Universities Application Centre application-for-admission form normally used for BMath undergraduate degree studies, applicants interested in this Diploma program should contact the Actuarial Science Graduate Officer directly to apply.

##### Course Requirements

A Post-Degree Diploma in Actuarial Science requires successful completion of eight half-credits, at least six of which must be labelled ACTSC. If equivalent credits have not been earned in the student's previous baccalaureate program, the following three courses must be included in the six ACTSC half-credits:
ACTSC 231 Mathematics of Finance
ACTSC 232 Introduction to Actuarial Mathematics
ACTSC 331 Life Contingencies 1

The remaining courses to satisfy the overall Diploma requirements described above must be selected from the following list:
All ACTSC courses numbered 330 or higher
STAT 330, 331, 333, 431, 433, 443
C&O 350
CS 337
MTHEL 305A, 305B
Other courses approved by the Actuarial Science Graduate Officer.