LOSS MODELS I

Undergraduate

This course explores models for loss severity, parametric models, effect of policy modifications, and tail behaviour. Topics also include: models for loss frequency: (a, b, 0), (a, b, 1), mixed Poisson models; compound Poisson models, Aggregate claims models: moments and moment generating function: recursion and Classical ruin theory. PREREQUISITE: STAT 3910 Three lecture hours per week plus a one hour lab per week