Insurance Risk Models - ACTL5106

Faculty: UNSW Business School

School: School of Risk and Actuarial Studies

Course Outline: ACTL5106 Course Outline

Campus: Sydney

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Prerequisite: ACTL5101 and enrolment in program 8411 or 8416 Corequisite: ACTL5103

Equivalent: ACTL3162

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

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; and claims reserving for loss run-off data.