This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.
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MATH 4065 - Theory of Interest
Credits:
4.0
[max 4.0]
Grading Basis:
A-F only
Typically offered:
Every Fall & Spring
Time value of money, compound interest and general annuities, loans, bonds, general cash flows, basic financial derivatives and their valuation. Primarily for students who are interested in actuarial mathematics.
prereq: 1272 or 1372 or 1572
MATH 5067 - Actuarial Mathematics I
Credits:
4.0
[max 4.0]
Typically offered:
Every Fall
Future lifetime random variable, survival function. Insurance, life annuity, future loss random variables. Net single premium, actuarial present value, net premium, net reserves.
prereq: 4065, [one sem [4xxx or 5xxx] [probability or statistics] course]
MATH 5068 - Actuarial Mathematics II
Credits:
4.0
[max 4.0]
Typically offered:
Every Spring
Multiple decrement insurance, pension valuation. Expense analysis, gross premium, reserves. Problem of withdrawals. Regulatory reserving systems. Minimum cash values. Additional topics at instructor's discretion.
prereq: 5067
INS 4105 - Corporate Risk Management
Credits:
2.0
[max 2.0]
Course Equivalencies:
Ins 6105/ Ins 4105
Typically offered:
Every Fall & Spring
Theory applied to corporate risk management and insurance practices. Identification, measurement, and treatment of an organization.s financial risks integrated with its property, liability, workers compensation, and human resource risks. Selection and application of risk control and risk financing tools: risk retention, reduction and transfer, including insurance.
INS 4101 - Employee Benefits
Credits:
2.0
[max 2.0]
Course Equivalencies:
Ins 6101/ Ins 4101
Typically offered:
Every Fall
Design/administration of employee benefit plans/pension. Health insurance, disability plans. Salary reduction/deferred compensation programs. Multiple employer trusts. Alternative funding methods, including self-insurance. Ethical issues, legal liability, compliance.
INS 4205 - Insurance Theory and Practice
Credits:
2.0
[max 2.0]
Typically offered:
Every Spring
Risk theory is applied to practices in health, liability, life, property, and workers compensation insurance. Insurance marketing, pricing, underwriting, and claims administration, with adverse selection and moral hazard effects. Policy issues of tort versus no-fault compensation systems. Self-insurance and integrated risk financing methods.
INS 4201 - Personal Financial Management
Credits:
2.0
[max 2.0]
Typically offered:
Every Fall
Personal financial planning. Financial statements, cash flow/debt analysis, time value of money. Management of liability, disability, life, medical, and property risks. Investments, portfolio management. Tax reduction, employee benefits, retirement/estate planning. Ethical issues, regulation of financial planners.
