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Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies

300-403 Advanced Risk Theory

Coordinator:

Dr David Dickson

Prerequisite/s:

300-304 Risk Theory

Timetable:

Semester 1

Contact:

Three hours a week of lectures or tutorials

Objectives:

On completion of this subject a candidate should be able to:

  • apply utility theory to insurance problems;

  • describe and apply principles of premium calculation;

  • apply exact and approximate formulae to calculate the aggregate claims distribution for an individual risk model;

  • calculate aggregate claims distributions and stop-loss premiums;

  • derive equations for the probability of ultimate ruin in the classical risk model.

Content:

utility theory; premium principles; individual risk model; collective risk model; stop-loss reinsurance; ruin theory.

Assessment:

One three hour end-of-semester examination.
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Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.