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» ACST356
ACST356: Mathematical Theory of Risk |
This unit examines the use of statistical models in the insurance context. Statistical models of the number of claims and the sizes of the claims are studied. These models are used as a basis for the study of risk theory, ruin theory and the effect of reinsurance. The use of no claim discount systems as a method of experience rating is described. Decision theory and simulation are also studied.
| Credit Points: | 3 |
| Contact Hours: | 4 |
| When Offered: |
D1 - Day; Offered in the first half-year
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| Staff Contact: |
Actuarial staff |
| Prerequisites: |
STAT272(P)
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| Corequisites: |
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| NCCWs: | ACST398, ACST399
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| Unit Designations: |
Commerce; Economics
Science
| | Assessed As: |
Graded
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| Offered By: |
Department of Actuarial Studies |
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