Insurance Risk Models

• ACTL90004
• Contact Hours: A 2 hour seminar and a 1 hour workshop per week
  Total Time Commitment: Estimated total time commitment of 120 hours per semester
• 12.50

Topics include collective risk model, calculation of moments and mgf of aggregate claims, recursion formulae, effect of reinsurance; individual risk model, De Pril's recursion formula; fundamentals of decision theory; credibility theory; exact credibility and the Buhlmann-Straub model; basics of ruin theory. -- Course Website

Prerequisites: MAST20004 Probability or equivalent. Subject Study Period Commencement: Credit Points: MAST20004 Probability Semester 1 12.50