NMAA06068U Topics in Non-Life Insurance (Skade2)

Volume 2013/2014
Education
MSc programme in Statistics
MSc programme in Mathematics-Economics
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
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.
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.
Bacproj-akt eller tilsvarende.
5 hours of lectures each weeks for 7 weeks.
  • Category
  • Hours
  • Exam
  • 3
  • Lectures
  • 28
  • Preparation
  • 135
  • Project work
  • 40
  • Total
  • 206
Credit
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
The 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. Thetwo 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.