Basic Non-Life Insurance Mathematics (Skade1)

This course will enable you to relate and illustrate theory and practice in a non-life insurance company.
Level
Bachelor
Start date
See details
Duration
9 weeks
ECTS
7.5
Price
DKK 6,375

Course description

Content

The course will give an overview of some important elements of non-life insurance and reinsurance:

  • Models for claim numbers: the Poisson, mixed Poisson and renewal process.
  • Stochastic models for non-life insurance risks, in particular the compound Poisson, compound mixed Poisson and renewal models.
  • Large and small claims distributions.
  • Premium calculation principles for the total claim amount of a portfolio.
  • Experience rating: calculation of the premium in a policy.
  • Bayes estimation and credibility theory.

Recommended academic qualifications

Basic knowledge of probability theory, statistics and stochastic processes:

Sandsynlighedsteori (Sand2) - alternatively Mål- og integralteori (MI) from previous years. Forsikring og jura 1 (Forsik&Jura1) or similar courses.

See full course description

Place

  • The University of Copenhagen
  • Department of Mathematical Sciences

Contact

Continuing and Lifelong Learning, UCPH Education

Write to lifelonglearning@adm.ku.dk


See large map