MAST 726
Loss Distributions
Winter 2026 · Selected Topics in Probability, Statistics and Actuarial Mathematics
Topics
- Fitting probability distributions to loss data
- Heavy-tailed loss distributions
- Point and interval estimation
- Hypothesis testing and goodness of fit
- Empirical and maximum-likelihood inference
- Individual and grouped data
- Truncation and censoring
- Loss-data analysis using statistical software
Readings
- Listed textbook (requirement not stated): S. A. Klugman, H. H. Panjer and G. E. Willmot. Loss Models, 5th edition. Wiley, New York; source prints 2012.
- Other text (requirement not stated): S. A. Klugman, H. H. Panjer and G. E. Willmot. Loss Models, 3rd edition. Wiley, New York, 2008.
- Other text (requirement not stated): R. V. Hogg, J. W. McKean and A. T. Craig. Introduction to Mathematical Statistics, 6th edition. Pearson, Upper Saddle River, NJ, 2005.
- Other text (requirement not stated): J. F. Lawless. Statistical Models and Methods for Lifetime Data, 2nd edition. Wiley, Hoboken, NJ, 2003.
Winter 2024 · ACTU 459
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models, 5th edition, Wiley, 2012 (edition/year combination as printed); 3rd or 4th editions also accepted.
- Klugman, S.A., Panjer, H.H. and G.E. Willmot (2008) "Loss Models", 3rd Edition, Wiley, New York.
- Hogg, R.V., McKean, J.W. and A.T. Craig (2005) "Introduction to Mathematical Statistics", 6th Edition, Pearson, Upper Saddle River, NJ.
- Lawless, J.F. (2003) "Statistical Models and Methods for Lifetime Data", 2nd Edition, Wiley, Hoboken, NJ.
Winter 2023 · ACTU 459
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models, 4th edition, Wiley, 2012; source also permits the 3rd edition.
- Klugman, S.A., Panjer, H.H. and G.E. Willmot (2008) "Loss Models", 3rd Edition, Wiley, New York.
- Hogg, R.V., McKean, J.W. and A.T. Craig (2005) "Introduction to Mathematical Statistics", 6th Edition, Pearson, Upper Saddle River, NJ.
- Lawless, J.F. (2003) "Statistical Models and Methods for Lifetime Data", 2nd Edition, Wiley, Hoboken, NJ.
Winter 2022 · ACTU 459
Readings
- S. A. Klugman, H. H. Panjer, and G. E. Willmot, Loss Models, 4th edition, Wiley, 2012; 3rd edition (2008) also accepted.
- Klugman, S.A., Panjer, H.H. and G.E. Willmot (2008) "Loss Models", 3rd Edition, Wiley, New York.
- Hogg, R.V., McKean, J.W. and A.T. Craig (2005) "Introduction to Mathematical Statistics", 6th Edition, Pearson, Upper Saddle River, NJ.
- Lawless, J.F. (2003) "Statistical Models and Methods for Lifetime Data", 2nd Edition, Wiley, Hoboken, NJ.
Sources
- Course catalogue ↗2026–2027
- Syllabus or course outline ↗Winter 2026
- Historical course outline ↗Winter 2024
- Historical course outline ↗Winter 2023
- Historical course outline ↗Winter 2022
- Winter 2026 outline. Course header explicitly lists ACTU 459, MAST 726, MAST 881. The outline pairs the 5th edition of Loss Models with 2012; this apparent bibliographic inconsistency is preserved explicitly. The 4th or 3rd edition may be used if already owned. “Other texts” are not labelled required.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
- Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.