Spring 2020 - ACMA 850 G100
Actuarial Science: Selected Topics (4)
Class Number: 3957
Delivery Method: In Person
Course Title: Actuarial Models for Non-Life Insurance
Pre-requisties: ACMA 355 or permission of the instructor.
The main objective of this course is to review advanced actuarial models in non-life insurance and to introduce some methods which are relevant for actuarial practice. The topics covered by this course are the following:
- Some topics on individual risk models and collective risk models.
- Some practical methods: Bonus-malus system, IBNR techniques.
- Topics on generalized linear models (GLM) with applications in actuarial statistics.
- Classical risk process and ruin theory.
- Assignments, Presentation, and Project 50%
- Exam 50%
Above grading is subject to change.
Loss Models, 5th Edition, 2019, by S.A. Klugman, H.H. Panjer and G.E. Willmot; Publisher: Wiley.
An Introduction to Mathematical Risk Theory, 1979, by H.U. Gerber; Publisher: S.S. Huebner Foundation for Insurance, U. of Pennsylvania
Modern Actuarial Risk Theory, 2001, by R. Kaas, M. Goovaerts, J. Dhaene and M. Denuit; Publisher: Kluwer Academic Publishers.
A Course in Credibility Theory and its Application, 2005, by Hans Bü hlmann and Alois Gisler; Publisher: Springer.
Stochastic Processes for Insurance and Finance, 2000, by T. Rolski, H. Schmidli, V. Schmidt and J. Teugels, Wiley.
Stochastic Claims Reserving Methods in Insurance, 2008, by M.V. Wü thrich and M. Merz, John Wiley & Sons, Ltd.
Bonus-Malus Systems in Automobile Insurance, 1995, by J. Lemaire, Kluwer Academic Publishers.
Insurance Risk and Ruin, 2005, by D.C.M. Dickson, Cambridge University Press.
Graduate Studies Notes:
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