This course will introduce the probability models central to actuarial loss analysis. We will explore frequency and severity models, compound distributions, and the transformations of random variables to account for policy adjustments, such as deductibles, policy limits, and reinsurance structures. We will also discuss simulation techniques to estimate the distribution of aggregate losses and risk measures associated with these distributions.
This course will introduce the probability models central to actuarial loss analysis. We will explore frequency and severity models, compound distributions, and the transformations of random variables to account for policy adjustments, such as deductibles, policy limits, and reinsurance structures. We will also discuss simulation techniques to estimate the distribution of aggregate losses and risk measures associated with these distributions.
