SC/MATH 4281 3.00 Risk Theory - Ruin and Credibility
A comprehensive introduction to intermediate - level mathematical risk theory. The course on the one hand introduces a dynamic approach to risk measurement, and on the other develops the notion of prospective experience rating. Topics include probability of ruin, adjustment coefficient, Lunberg's inequality, credibility theory, simulation. The course ensures an adequate preparation for exam C of the Society of Actuaries. Prerequisite: SC/MATH 2131 3.00.