UNSW Handbook Course - Insurance Risk Models

Insurance Risk Models - ACTL3003


	Faculty: Faculty of Commerce and Economics
	School: Actuarial Studies Unit
	Contact: Subba,Bindya
	Campus: Kensington Campus
	Career: Undergraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 3
	Enrolment Requirements:
	Prerequisite: ACTL1001, ACTL2003
	Session Offered: See Class Timetable
	Fee Band: 2 (more info)

Description

This course covers the actuarial mathematics, statistics and models used in non-life insurance actuarial practice. Topics covered include: basic concepts of decision theory and Bayesian statistics; loss distributions and reinsurance, risk models including compound Poisson; estimation of aggregate claims distribution; probability of ruin; premium rating and credibility; experience rating systems; claims reserving for loss run-off data and generalised linear models.

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