NMAA06068U Topics in Non-Life Insurance (Skade2)
MSc Programme in Actuarial Mathematics
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
Some linear and generalized linear model theory
Course description: Distributions in insurance, deductibles, maximum likelihood estimation, model choice, non parametric method, linear and generalized linear models.
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.
- 7,5 ECTS
- Type of assessment
- Written examination, 3 hours under invigilation---
- Exam registration requirements
Two mandatory assignments must be approved and valid before the student is allowed to attend the exam
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
30 minutes oral exam. No preparation time and no aids.
The two mandatory assignments must be approved and valid. If they were not approved during the course the non-approved assignments must be re-submitted no later than two weeks before the beginning of the re-exam week. They have to be approved before the reexamination.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
- Project work