June 21-25, 2004
New Orleans, LA
With support from the Casualty
5/10/04 REGISTRATION IS NOW CLOSED
Insurance ratemaking is a great source of real world examples for
undergraduate probability and statistics courses. Students have a
keen personal interest in auto insurance and yet very few people
understand how and why it is priced. Casualty actuaries are in
great demand in the insurance and finance industries and becoming one
is a viable alternative career path for strong math majors.
This workshop is aimed at faculty interested in using insurance-based
examples in their existing probability and statistics classes as well
as those considering offering stand-alone actuarial science
classes. No prior knowledge of actuarial techniques is assumed.
Participants completing the workshop will be able to:
• Explain how automobile insurance rates are computed.
• Explain how and why one’s driving record affects
• Advise students regarding the actuarial exams and
Sessions will be structured with a mixture of lectures, hands-on data
exploration, guest speakers, and team activities.
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