Actuarial Risk Theory and Credibility

AS 484 - Actuarial Risk Theory and Credibility (3-2-4)

Claims Distributions (Severity, frequency, and aggregate). Risk Measures. Aggregate loss models (individual and collective Risk models). Parametric model Estimation. Introduction to credibility theory (limited fluctuation, greatest accuracy, Buhlmann, Buhlman-Straub, Empirical Bayes models). Introduction to Simulation. A statistical/actuarial computing software will be used.

Pre-requisites: STAT302