Prerequisites: MET MA 581 or CAS MA 581; MET AT 521; or consent of instructor. - This course will cover the fundamentals of both long-term insurance and short-term insurance. The long-term topics will include insurance, annuities, and premiums for from both a theoretical basis and the application of those models. The short-term portion of the course introduces severity and frequency models, and will cover actuarial methods that are useful in modeling. Foundational principles of ratemaking and reserving for short-term coverages will also be covered. The material in this course may help you prepare for SoA Exam FAM.