Professor Colin M. Ramsay was born and raised in the Caribbean country of Guyana. He earned his Ph.D. from the University of Waterloo and his BSc from City University, London. His teaching interests include life contingencies, pensions, and actuarial risk theory. His current research interests focus on the application of the economics of insurance to actuarial science. These include working on problems associated with adverse selection and moral hazard, the annuity puzzle, absenteeism and presenteeism, and peer-to-peer insurance. Professor Ramsay also interested in applications of micro-insurance and crop insurance to the problem of food security and food sovereignty in the developing world.
Graduate Courses
Life Contingencies I (ACTS 870) - Theory and applications of contingency mathematics in the areas of life and health insurance, annuities, and pensions. Probabilistic models.
Life Contingencies II (ACTS 870) - Life insurance reserve for models based on a single life. Introduction to multiple life models for pensions and life insurance and to multiple decrement models.
Fundamentals of Pension Mathematics (ACTS 930) - Basic theory of pension mathematics. Funding methods, unit credit, entry age normal, aggregate cost, actuarial assumptions, tax deductible contributions, multi-employer pension plans, deposit administration dividend formulas, variable annuities, and ERISA.
Undergraduate Courses
Life Contingencies I (ACTS 470) -
Life Contingencies I (ACTS 470) - Theory and applications of contingency mathematics in the areas of life and health insurance, annuities, and pensions. Probabilistic models.
Teaching Interests
- Advanced Risk Theory
- Health & Disability Insurance
- Foundations of Property/Casualty Insurance