NMAA06068U Topics in Non-Life Insurance (Skade2)
Various distributions that are useful in non-life insurance
The impact of deductibles on the insurance premium calculations
Maximum likelihood methods, including the adjustment for
deductibles. Also use of the delta method.
Asymptotic properties of the estimators
Model selection methods
Non-paramtric methods
Some generalized linear model theory
Claim reservation using the chain ladder and the Bonhuetter
Ferguson models
Course description: Distributions in insurance, deductibles,
maximum likelihood estimation, model choice, non parametric method,
generalized linear models,
claim reservation.
Knowledge: A good knowledge of the various items under contents
Skills: To be able to understand a concrete problem in the setting
of the course
Competences: To be able to transform the knowledge into actual
implementation of a method to solve practical
problems.
- Category
- Hours
- Exam
- 3
- Lectures
- 28
- Preparation
- 135
- Project work
- 40
- Total
- 206
As
an exchange, guest and credit student - click here!
Continuing Education - click here!
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilationThe exam consists of problems that can be solved using the theory taught in the class
- Exam registration requirements
- Two mandatory assignments must be approved and valid before the student is allowed to attend the exam
- Aid
- Written aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
Exam corrected independently and final grade upon consensus
- Re-exam
- 30 minutes oral exam. No preparations. The two mandatory assignments must be approved and valid
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- NMAA06068U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 block
- Placement
- Block 3
- Schedule
- C (Mon 13-17 + Wednes 8-17)
- Course capacity
- No limit
- Continuing and further education
- Study board
- Study Board of Mathematics and Computer Science
Contracting department
- Department of Mathematical Sciences
Course responsibles
- Jostein Paulsen (7-74797d7e6f73784a776b7e7238757f386e75)