NMAA06068U  Topics in Non-Life Insurance (Skade2)

Volume 2017/2018
Education

MSc Programme in Actuarial Mathematics

Content

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
Course description: Distributions in insurance, deductibles, maximum likelihood estimation, model choice, non parametric method, generalized linear models.

Learning Outcome

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.

Bachelor in insurance mathematics or similar.
5 hours of lectures each week for 7 weeks.
Credit
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

Aid
Written aids allowed
Marking scale
7-point grading scale
Censorship form
External censorship
Re-exam

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.

  • Category
  • Hours
  • Exam
  • 3
  • Preparation
  • 135
  • Lectures
  • 28
  • Project work
  • 40
  • Total
  • 206