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UWM

Academic Catalog 2022-2023
  • Home»
  • Courses»
  • Actuarial Science (ACTSCI)

Courses

  • Actuarial Science (ACTSCI)
  • Administrative Leadership (AD LDSP)
  • African &​ African Diaspora Studies (AFRIC)
  • Air Force and Aerospace Studies (AFAS)
  • American Indian Studies (AIS)
  • Anthropology (ANTHRO)
  • Applied Computing (APC)
  • Arabic (ARABIC)
  • Architecture (ARCH)
  • Art and Design (ART)
  • Art Education (ART ED)
  • Art History (ARTHIST)
  • Astronomy (ASTRON)
  • Athletic Training (ATRAIN)
  • Atmospheric Sciences (ATM SCI)
  • Biological Sciences (BIO SCI)
  • Biomedical Engineering (BME)
  • Biomedical Sciences (BMS)
  • Business Administration (BUS ADM)
  • Business Management (BUSMGMT)
  • Celtic Studies (CELTIC)
  • CGS American Indian Studies (CGS AIS)
  • CGS Anthropology (CGS ANT)
  • CGS Art (CGS ART)
  • CGS Astronomy (CGS AST)
  • CGS Biology (CGS BIO)
  • CGS Business (CGS BUS)
  • CGS Chemistry (CGS CHE)
  • CGS Communication Arts &​ Theatre (CGS CTA)
  • CGS Computer Science (CGS CPS)
  • CGS Economics (CGS ECO)
  • CGS Education (CGS EDU)
  • CGS Engineering (CGS EGR)
  • CGS English (CGS ENG)
  • CGS Gender, Sexuality, and Women's Studies (CGS GSW)
  • CGS Geography (CGS GEO)
  • CGS Geology (CGS GLG)
  • CGS Health and Exercise Sciences (CGS HES)
  • CGS History (CGS HIS)
  • CGS Information Studies (CGS IST)
  • CGS Interdisciplinary Studies (CGS INT)
  • CGS Learning Resources (CGS LEA)
  • CGS Lecture Forum (CGS LEC)
  • CGS Mathematics (CGS MAT)
  • CGS Meteorology (CGS MLG)
  • CGS Music (CGS MUS)
  • CGS Philosophy (CGS PHI)
  • CGS Physics (CGS PHY)
  • CGS Political Science (CGS POL)
  • CGS Psychology (CGS PSY)
  • CGS Religious Studies (CGS REL)
  • CGS Sociology (CGS SOC)
  • CGS Spanish (CGS SPA)
  • Chemistry and Biochemistry (CHEM)
  • Chinese (CHINESE)
  • Civil &​ Environmental Engineering (CIV ENG)
  • Classics (CLASSIC)
  • College of Health Sciences (CHS)
  • Communication (COMMUN)
  • Communication Sciences and Disorders (COMSDIS)
  • Comparative Literature (COMPLIT)
  • Computer Science (COMPSCI)
  • Computer Studies (COMPST)
  • Conservation and Environmental Sciences (CES)
  • Counseling (COUNS)
  • Criminal Justice &​ Criminology (CRM JST)
  • Curriculum and Instruction (CURRINS)
  • Dance (DANCE)
  • Diagnostic Imaging (DMI)
  • Digital Arts and Culture (DAC)
  • Economics (ECON)
  • Education-​Interdepartmental (EDUC)
  • Educational Policy and Community Studies (ED POL)
  • Educational Psychology (ED PSY)
  • Electrical Engineering (ELECENG)
  • Engineering and Applied Science (EAS)
  • English (ENGLISH)
  • English for Academic Purposes (Formerly ESL) (EAP)
  • Environmental and Occupational Health (EOH)
  • Ethnic Studies, Comparative (ETHNIC)
  • Exceptional Education (EXCEDUC)
  • Film Studies (FILMSTD)
  • Film, Video, Animation and New Genres (FILM)
  • Fine Arts-​Interdepartmental (FINEART)
  • Food &​ Beverage Studies (FOODBEV)
  • Foreign Languages and Literature (FLL)
  • French (FRENCH)
  • Freshwater Sciences (FRSHWTR)
  • Geography (GEOG)
  • Geosciences (GEO SCI)
  • German (GERMAN)
  • Global Studies (GLOBAL)
  • Graduate Studies (GRAD)
  • Greek (GREEK)
  • Health Care Administration (HCA)
  • Health Sciences (HS)
  • Hebrew (HEBREW)
  • History (HIST)
  • Hmong Studies (HMONG)
  • Honors College (HONORS)
  • Industrial and Labor Relations (IND REL)
  • Industrial and Manufacturing Engineering (IND ENG)
  • Information Studies (INFOST)
  • International Studies (INTLST)
  • Italian (ITALIAN)
  • Japanese (JAPAN)
  • Jewish Studies (JEWISH)
  • Journalism, Advertising, and Media Studies (JAMS)
  • Kinesiology (KIN)
  • Korean (KOREAN)
  • Latin (LATIN)
  • Latin American and Caribbean Studies (LACS)
  • Latin American, Caribbean, and U.S. Latinx Studies (LACUSL)
  • Latino Studies (LATINO)
  • Lesbian, Gay, Bisexual &​ Transgender Studies (LGBT)
  • Letters and Science-​Humanities (L&​S HUM)
  • Letters and Science-​Natural Science (L&​S NS)
  • Letters and Science-​Social Sciences (L&​S SS)
  • Liberal Studies (LIBRLST)
  • Linguistics (LINGUIS)
  • M.A. in Language, Literature, and Translation (MALLT)
  • Materials Science and Engineering (MATLENG)
  • Mathematical Sciences (MATH)
  • Mathematical Statistics (MTHSTAT)
  • Mechanical Engineering (MECHENG)
  • Military Science (MIL SCI)
  • Music (MUSIC)
  • Music Education (MUS ED)
  • Music Performance (MUSPERF)
  • Nonprofit Administration (NONPROF)
  • Nursing (NURS)
  • Nutritional Sciences (NUTR)
  • Occupational Therapy (OCCTHPY)
  • Online Collaborative AAS Program (UWX)
  • Peace Studies (PEACEST)
  • Performance Rehabilitation and Performance Psychology (PRPP)
  • Philosophy (PHILOS)
  • Physical Therapy (PT)
  • Physics (PHYSICS)
  • Polish (POLISH)
  • Political Science (POL SCI)
  • Portuguese (PORTUGS)
  • Psychology (PSYCH)
  • Public Administration (PUB ADM)
  • Public Health (PH)
  • Religious Studies (RELIGST)
  • Russian (RUSSIAN)
  • Scandinavian Studies (SCNDVST)
  • Social Work (SOC WRK)
  • Sociology (SOCIOL)
  • Spanish (SPANISH)
  • Sport and Recreation (SPT&​REC)
  • Sustainable Peacebuilding, Master of (MSP)
  • Theatre (THEATRE)
  • Therapeutic Recreation (THERREC)
  • Translation and Interpreting (TRNSLTN)
  • Urban Planning (URBPLAN)
  • Urban Studies Program (URB STD)
  • UWS Collaborative Nursing Program (UWS NSG)
  • Women's and Gender Studies (WGS)

Actuarial Science (ACTSCI)

ACTSCI 290 Introduction to Actuarial Science

3 cr. Undergraduate.

Overview of the actuarial profession, financial risks, and types of insurance products; risk components; and risk evaluation methods.

Prerequisites: Satisfaction of Quantitative Literacy Part A GER.

Last Taught: Fall 2021, Spring 2021, Fall 2020, Spring 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 391 Investment Mathematics I

4 cr. Undergraduate.

Examination of annuities, loans, bonds, portfolio immunization, and interest rate swaps. Foundational preparation for the Financial Mathematics (FM) Professional Actuarial Exam.

Prerequisites: grade of C or better in MATH 232(P).

Course Rules: Counts as a repeat of MATH 311.

Last Taught: Fall 2021, Spring 2021, Fall 2020, Spring 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 490 Introduction to Actuarial Practice

1 cr. Undergraduate.

Professional topics such as healthcare, pensions, life insurance, property and casualty, reinsurance, and regulation.

Prerequisites: ACTSCI 290(P).

Course Rules: May be retaken for cr once. Counts as repeat of MTHSTAT 591.

Last Taught: Fall 2021, Fall 2020, Fall 2019, Fall 2018.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 491 Actuarial Workshop FM

1 cr. Undergraduate.

Continuation of topics from ACTSCI 391 along with practice and preparation for the Financial Mathematics (FM) Professional Actuarial Exam.

Prerequisites: ACTSCI 391(C) or consent of instructor.

Course Rules: Counts as a repeat of MTHSTAT 593. Retakeable up to 2 cr max.

Last Taught: Fall 2021, Fall 2020, Fall 2019, Fall 2018.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 492 Actuarial Workshop P

1 cr. Undergraduate.

Continuation of probability topics from MTHSTAT 361 along with practice and preparation for the Probability (P) Professional Actuarial Exam.

Prerequisites: MTHSTAT 361(C) or consent of instructor.

Course Rules: Counts as a repeat of MTHSTAT 592. Retakeable up to 2 cr max.

Last Taught: Spring 2021, Spring 2020, Spring 2019, Spring 2018.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 590 Actuarial Internship

1-6 cr. Undergraduate.

Apply principles and techniques of actuarial science in business, governmental and other appropriate settings.

Prerequisites: soph st; 6 cr 300-level or above in ACTSCI or MTHSTAT; GPA in ACTSCI and MTHSTAT courses at least 2.5.

Course Rules: One cr earned for academic work based on 40 hours in internship. May be retaken to 6 cr max.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 591 Investment Mathematics II

3 cr. Undergraduate.

Mathematical models in finance and economics, corporate finance.

Prerequisites: MTHSTAT 361(P); ACTSCI 391(P).

Course Rules: Counts as repeat of MTHSTAT 692.

Last Taught: Fall 2021, Fall 2020, Fall 2019.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 593 Actuarial Models I

3 cr. Undergraduate.

Long term insurance coverage, single life survival models, life insurance, annuities, benefit and premium random variables, mortality models.

Prerequisites: ACTSCI 391(P); MTHSTAT 361(P); MTHSTAT 362(C).

Course Rules: Counts as a repeat of MTHSTAT 691.

Last Taught: Fall 2020, Spring 2019, Spring 2017, Spring 2015.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 594 Actuarial Models II

3 cr. Undergraduate.

Long term insurance coverage, single life survival models, life insurance, annuities, benefit and premium random variables, mortality models.

Prerequisites: ACTSCI 593(P); MTHSTAT 362(P).

Last Taught: Spring 2021.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 596 Actuarial Statistics I

3 cr. Undergraduate.

Loss models for short term insurance and their statistical fitting.

Prerequisites: MATH 234(P); MTHSTAT 362(P).

Course Rules: Counts as a repeat of MTHSTAT 596.

Last Taught: Fall 2021, Fall 2019, Fall 2017.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 597 Actuarial Statistics II

3 cr. Undergraduate.

Credibility theory, ratemaking, and reserving.

Prerequisites: MATH 234(P); MTHSTAT 362(P).

Course Rules: Counts as a repeat of MTHSTAT 597.

Last Taught: Spring 2020, Spring 2018, Spring 2016, Spring 2014.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 599 Capstone Experience

1 cr. Undergraduate.

Independent research on current financial and insurance topics that are not covered in regular actuarial courses.

Prerequisites: senior standing.

Course Rules: May be retaken for cr once.

Last Taught: Fall 2021, Spring 2021, Fall 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 790 Actuarial Internship

1-6 cr. Graduate.

Apply principles and techniques of actuarial science in business, governmental and other appropriate settings.

Prerequisites: graduate standing.

Course Rules: One cr earned for academic work based on 40 hours in internship. May be retaken to 6 cr max.

Last Taught: Summer 2021, Spring 2021, Fall 2020, Summer 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 791 Investment Mathematics II

3 cr. Graduate.

Mathematical models in finance and economics, corporate finance.

Prerequisites: graduate standing.

Last Taught: Fall 2021, Fall 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 793 Actuarial Models I

3 cr. Graduate.

Long term insurance coverage, single life survival models, life insurance, annuities, benefit and premium random variables, mortality models.

Prerequisites: graduate standing.

Last Taught: Fall 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 794 Actuarial Models II

3 cr. Graduate.

Long term insurance coverage, single life survival models, life insurance, annuities, benefit and premium random variables, mortality models.

Prerequisites: grad st; ACTSCI 593(P); MTHSTAT 362(P).

Last Taught: Spring 2021.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 796 Actuarial Statistics I

3 cr. Graduate.

Loss models for short term insurance and their statistical fitting.

Prerequisites: graduate standing.

Last Taught: Fall 2021.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 797 Actuarial Statistics II

3 cr. Graduate.

Credibility theory, ratemaking and reserving.

Prerequisites: graduate standing.

Last Taught: Spring 2020.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 891 Actuarial Risk Theory

3 cr. Graduate.

Risk models; premium principles; reinsurance contracts; ruin theory; ordering of risks; bonus-malus systems; IBNR techniques.

Prerequisites: grad st; MATH 571(P) & ACTSCI 596(P), or consent of instructor.

Course Rules: Previously MTHSTAT 795.

Last Taught: Fall 2019, Fall 2017, Fall 2015, Fall 2013.

Current Offerings: https://catalog.uwm.edu/course-search/

ACTSCI 895 Topics in Actuarial Science:

3 cr. Graduate.

Advanced topics in actuarial science.

Prerequisites: graduate standing; 6 credits of 700 level ACTSCI coursework.

Course Rules: Repeatable to 9 credits max. Counts as a repeat of MTHSTAT 896 with a similar topic.

Last Taught: Spring 2021.

Current Offerings: https://catalog.uwm.edu/course-search/

Courses

  • Actuarial Science (ACTSCI)
  • Administrative Leadership (AD LDSP)
  • African &​ African Diaspora Studies (AFRIC)
  • Air Force and Aerospace Studies (AFAS)
  • American Indian Studies (AIS)
  • Anthropology (ANTHRO)
  • Applied Computing (APC)
  • Arabic (ARABIC)
  • Architecture (ARCH)
  • Art and Design (ART)
  • Art Education (ART ED)
  • Art History (ARTHIST)
  • Astronomy (ASTRON)
  • Athletic Training (ATRAIN)
  • Atmospheric Sciences (ATM SCI)
  • Biological Sciences (BIO SCI)
  • Biomedical Engineering (BME)
  • Biomedical Sciences (BMS)
  • Business Administration (BUS ADM)
  • Business Management (BUSMGMT)
  • Celtic Studies (CELTIC)
  • CGS American Indian Studies (CGS AIS)
  • CGS Anthropology (CGS ANT)
  • CGS Art (CGS ART)
  • CGS Astronomy (CGS AST)
  • CGS Biology (CGS BIO)
  • CGS Business (CGS BUS)
  • CGS Chemistry (CGS CHE)
  • CGS Communication Arts &​ Theatre (CGS CTA)
  • CGS Computer Science (CGS CPS)
  • CGS Economics (CGS ECO)
  • CGS Education (CGS EDU)
  • CGS Engineering (CGS EGR)
  • CGS English (CGS ENG)
  • CGS Gender, Sexuality, and Women's Studies (CGS GSW)
  • CGS Geography (CGS GEO)
  • CGS Geology (CGS GLG)
  • CGS Health and Exercise Sciences (CGS HES)
  • CGS History (CGS HIS)
  • CGS Information Studies (CGS IST)
  • CGS Interdisciplinary Studies (CGS INT)
  • CGS Learning Resources (CGS LEA)
  • CGS Lecture Forum (CGS LEC)
  • CGS Mathematics (CGS MAT)
  • CGS Meteorology (CGS MLG)
  • CGS Music (CGS MUS)
  • CGS Philosophy (CGS PHI)
  • CGS Physics (CGS PHY)
  • CGS Political Science (CGS POL)
  • CGS Psychology (CGS PSY)
  • CGS Religious Studies (CGS REL)
  • CGS Sociology (CGS SOC)
  • CGS Spanish (CGS SPA)
  • Chemistry and Biochemistry (CHEM)
  • Chinese (CHINESE)
  • Civil &​ Environmental Engineering (CIV ENG)
  • Classics (CLASSIC)
  • College of Health Sciences (CHS)
  • Communication (COMMUN)
  • Communication Sciences and Disorders (COMSDIS)
  • Comparative Literature (COMPLIT)
  • Computer Science (COMPSCI)
  • Computer Studies (COMPST)
  • Conservation and Environmental Sciences (CES)
  • Counseling (COUNS)
  • Criminal Justice &​ Criminology (CRM JST)
  • Curriculum and Instruction (CURRINS)
  • Dance (DANCE)
  • Diagnostic Imaging (DMI)
  • Digital Arts and Culture (DAC)
  • Economics (ECON)
  • Education-​Interdepartmental (EDUC)
  • Educational Policy and Community Studies (ED POL)
  • Educational Psychology (ED PSY)
  • Electrical Engineering (ELECENG)
  • Engineering and Applied Science (EAS)
  • English (ENGLISH)
  • English for Academic Purposes (Formerly ESL) (EAP)
  • Environmental and Occupational Health (EOH)
  • Ethnic Studies, Comparative (ETHNIC)
  • Exceptional Education (EXCEDUC)
  • Film Studies (FILMSTD)
  • Film, Video, Animation and New Genres (FILM)
  • Fine Arts-​Interdepartmental (FINEART)
  • Food &​ Beverage Studies (FOODBEV)
  • Foreign Languages and Literature (FLL)
  • French (FRENCH)
  • Freshwater Sciences (FRSHWTR)
  • Geography (GEOG)
  • Geosciences (GEO SCI)
  • German (GERMAN)
  • Global Studies (GLOBAL)
  • Graduate Studies (GRAD)
  • Greek (GREEK)
  • Health Care Administration (HCA)
  • Health Sciences (HS)
  • Hebrew (HEBREW)
  • History (HIST)
  • Hmong Studies (HMONG)
  • Honors College (HONORS)
  • Industrial and Labor Relations (IND REL)
  • Industrial and Manufacturing Engineering (IND ENG)
  • Information Studies (INFOST)
  • International Studies (INTLST)
  • Italian (ITALIAN)
  • Japanese (JAPAN)
  • Jewish Studies (JEWISH)
  • Journalism, Advertising, and Media Studies (JAMS)
  • Kinesiology (KIN)
  • Korean (KOREAN)
  • Latin (LATIN)
  • Latin American and Caribbean Studies (LACS)
  • Latin American, Caribbean, and U.S. Latinx Studies (LACUSL)
  • Latino Studies (LATINO)
  • Lesbian, Gay, Bisexual &​ Transgender Studies (LGBT)
  • Letters and Science-​Humanities (L&​S HUM)
  • Letters and Science-​Natural Science (L&​S NS)
  • Letters and Science-​Social Sciences (L&​S SS)
  • Liberal Studies (LIBRLST)
  • Linguistics (LINGUIS)
  • M.A. in Language, Literature, and Translation (MALLT)
  • Materials Science and Engineering (MATLENG)
  • Mathematical Sciences (MATH)
  • Mathematical Statistics (MTHSTAT)
  • Mechanical Engineering (MECHENG)
  • Military Science (MIL SCI)
  • Music (MUSIC)
  • Music Education (MUS ED)
  • Music Performance (MUSPERF)
  • Nonprofit Administration (NONPROF)
  • Nursing (NURS)
  • Nutritional Sciences (NUTR)
  • Occupational Therapy (OCCTHPY)
  • Online Collaborative AAS Program (UWX)
  • Peace Studies (PEACEST)
  • Performance Rehabilitation and Performance Psychology (PRPP)
  • Philosophy (PHILOS)
  • Physical Therapy (PT)
  • Physics (PHYSICS)
  • Polish (POLISH)
  • Political Science (POL SCI)
  • Portuguese (PORTUGS)
  • Psychology (PSYCH)
  • Public Administration (PUB ADM)
  • Public Health (PH)
  • Religious Studies (RELIGST)
  • Russian (RUSSIAN)
  • Scandinavian Studies (SCNDVST)
  • Social Work (SOC WRK)
  • Sociology (SOCIOL)
  • Spanish (SPANISH)
  • Sport and Recreation (SPT&​REC)
  • Sustainable Peacebuilding, Master of (MSP)
  • Theatre (THEATRE)
  • Therapeutic Recreation (THERREC)
  • Translation and Interpreting (TRNSLTN)
  • Urban Planning (URBPLAN)
  • Urban Studies Program (URB STD)
  • UWS Collaborative Nursing Program (UWS NSG)
  • Women's and Gender Studies (WGS)
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The University of Wisconsin-Milwaukee is accredited by the Higher Learning Commission, a regional accreditation agency recognized by the U.S. Department of Education.

Our Catalog is a general source of information about course offerings, academic programs and requirements, expenses, rules, and policies. The University reserves the right to change the information published in this Catalog without notice. Students are advised to consult with their individual School/College or department for the most up-to-date information about program requirements.

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