Area: | Department of Mathematics and Statistics |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Lecture: | 3 x 1 Hours Weekly |
Syllabus: | Utility theory - premium principles, risk models (individual and multiple). Credibility theory - exact, empirical Bayes parameter estimation on non-parametric, semi-parametric and fully parametric basis. Ruin theory - the adjustment coefficients; Lindberg's inequality, exact and asymptotic solutions, the maximum aggregate loss and the general solution. |
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Unit Outcomes: | On completion of this unit the student will have knowledge and skills in advanced risk theory modelling. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | Daykin CD, Pentikaihen T and Pesonen M (1994), Practical Risk Theory for Actuaries, Chapman and Hall. |
Unit Assessment Breakdown: | Assignments and Projects 40%. Final Examination 60%. This is by grade/mark assessment. |
Field of Education: | 29900 Other Information Technology (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Not Online | Result Type: | Grade/Mark |
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AvailabilityAvailability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.
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