306543 (v.1) Risk Theory 302

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Area:	Department of Mathematics and Statistics
Contact Hours:	5.0
Credits:	25.0
Lecture:	1 x 3 Hours Weekly
Tutorial:	1 x 2 Hours Weekly
Prerequisite(s):	302315 (v.2) Mathematical Statistics 202 or any previous version
Loss distribution, simple reinsurance arrangements, risk models, claim distribution for short term insurance contracts, ruin for a risk model, adjustment coefficient and Lundberg's inequality. Fundamental concepts of credibility theory, simple experiencerating system, some important methods for analyzing delay triangles and estimating outstanding claims.