Advanced Actuarial Mathematics
Life contingencies, multiple-state models and the valuation of insurance and annuity contracts.
Advanced Risk Mathematics
Loss distributions, aggregate claims and ruin theory for general insurance.
Advanced 6 topics 12 months access Online reader
About this course
How general insurers model claims. The course covers fitting loss distributions, modelling claim frequency and severity together as aggregate claims, the effect of reinsurance and policy limits, and ruin theory for assessing an insurer's long-run solvency.
What you will learn
- Fit and compare loss distributions for claim severity
- Model aggregate claims using compound distributions
- Quantify the effect of deductibles, limits and reinsurance
- Use ruin theory to reason about insurer solvency
Course topics
- Loss distributions and parameter estimation
- Claim frequency models
- Compound and aggregate claim models
- Deductibles, limits and reinsurance
- Credibility theory basics
- Ruin theory
Who this course is for
- Actuarial and statistics students
- Candidates preparing for risk-modelling examinations
- General insurance pricing and reserving analysts
Before you start
Probability and statistics, including common distributions and moment-generating functions.
How access works
After payment, the course materials appear in My Learning. They open in a secure online reader on your phone, tablet or computer for 12 months. Materials are view-only and cannot be downloaded. Buying again extends your access from the current end date.
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