Topics include estimation of risk, determination of methods of handling risk, optimal levels of self insurance and deductibles, and estimation of necessary amounts of reserves, insurance contract pricing and analysis of insurance markets. RMI 4573 Compound Interest and Annuities. Study of nature of mathematical functions relating to computation of simple and compound interest rates. RMI 4805 Estates, Trusts and Insurance. RMI 4905 Independent Research.
Admission is by the consent of the department.
May be repeated with a change of content for up to a maximum of 9 hours. A written report or reports will be required. RMI 4956 International Studies in Insurance. Admission to an approved study abroad program and permission of the Department. A thesis is required for the awarding of the high or highest honors designation.