| |
Dec 30, 2024
|
|
|
|
|
MACT 407 - Insurance Loss Models I
Risk Theory: Loss/claim severity models, creating a new model by transformation inflation, insurance coverage modifications, policy limit, loss elimination ratio, deductibles, inflation, coinsurance, loss/claim frequency models, Poisson, geometric, negative binomial, (a,b,0) and (a,b,1) classes, aggregate loss models, compound distribution, recursive formula, impact of individual claim modifications.
Credibility Theory: mixture models and Bayesian estimation, discrete and continuous mixtures, prior distribution, marginal distribution, posterior distribution, predictive distribution, Bayesian premium, Buhlmann model, credibility premium, credibility factor.
Prerequisites
MACT 306.
When Offered
Offered once a year.
(3cr.)
Check course scheduling information
Add to Portfolio (opens a new window)
|
|
