Severity, frequency models, loss models, risk measures, value at risk, stochastic processes, Poisson process, characteristics of actuarial models, creating new univariate distributions, heavy-tailed distributions, mixed distributions, coverage modifications. Prerequisite(s): STAT 2655, or permission from the school. Lectures three hours a week, tutorial one hour a week. [0.5 credits]
Severity, frequency models, loss models, risk measures, value at risk, stochastic processes, Poisson process, characteristics of actuarial models, creating new univariate distributions, heavy-tailed distributions, mixed distributions, coverage modifications. Prerequisite(s): STAT 2655, or permission from the school. Lectures three hours a week, tutorial one hour a week. [0.5 credits]
