300-406 Risk Theory I

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300-406 Risk Theory I
Credit Points	12.5
HECS Band	2
Coordinator	H.-S. Lim
Prerequisites	300-332 Modelling in Insurance and Finance II.
Semester	1 (view timetable)
Contact	Three hours of lectures and/or tutorials per week
Subject Description	Topics include collective risk model, calculation of moments and mgf of aggregate claims; recursion formulae (ie. Panjer's and Schröter's), effect of reinsurance; individual risk model, De Pril's recursion formula and Kornya's method; fundamentals of decision theory; credibility theory; exact credibility and the Bühlmann-Straub model; and no claims discount.
Assessment	A 3-hour end-of-semester examination (100%).

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