Risk Theory
Learning Outcomes
On successful completion of this course, students will be able to: Explain basic knowledge about Utility, Credibility and Ruin Theory, Individual and Collective Risk, Bonus-Malus Systems; Interpret the results of basic calculations of Individual and Collective Risk, Bonus-Malus Systems; Analyze and evaluate a real problem in insurance and non life insurance
Topics
- Utility Theory and Insurance
- The Individual Risk Model
- Collective Risk Model
- Ruin Theory
- Premium Principles and Risk Measures
- Bonus-Malus Systems
- Credibility Theory
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