ACTS 473/873: Introduction to Risk Theory
Prereqs: STAT 462 with a grade of "C" or better.
Applications of compound distributions in modeling of insurance loss. Continuous-time compound Poisson surplus processes, computation of ruin probabilities, the distributions of the deficit at the time of ruin, and the maximal aggregate loss. The effect of reinsurance on the probability of ruin.
This course is a prerequisite for: ACTS 403
|Course Format:||Lecture 3|