Introduction to Casualty Insurance and Credibility

3 credits

This course introduces concepts and methods for loss reserving and pricing (or ratemaking) of property/casualty insurance coverages. Topics include risk and insurance, limited fluctuation credibility theory, Bayesian credibility, Bühlmann and Bühlmann-Straub models, loss run-off triangles and loss reserving methods, and loss cost and loss ratio methods for ratemaking.