2021-2022 Academic Catalog [Archived Catalog]
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ACSC 607 - Loss Models Credits: 3 Introduce coverage modifications (deductibles, limits, and coinsurance), risk measures (Value at Risk and Tail Value at Risk); introduce frequency, severity and aggregate models. Applying those models to coverage modifications and risk measures; learn the construction, parameter estimation, comparison and selection of parametric models (frequency, severity and aggregate models); introduce credibility and estimate failure time and loss distribution using credibility procedures (Bayesian credibility, Bühlmann and Bühlmann-Straub models); introduce Insurance, reinsurance coverages, and pricing and reserving for short-term insurance coverages.
ACSC 607 covers all of the learning objectives contained in Examination STAM (Short-Term Actuarial Mathematics) of the Society of Actuaries. Note: This course is for graduate students only
Related Courses: ACSC-407 Prerequisite: MATH-572
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