ACSCI 4010: Loss Models I
Credits: 3. Contact Hours: Lecture 3.
Prereq: STAT 3410
Probability distributions used to model uncertain events in actuarial practice. Aggregate models, evaluating the effect of various coverage modifications such a deductibles and limits. Construction of empirical models, calculations of common risk measures, and calculations of commonly used severity and frequency models. Various methods for estimating distributional parameters and their properties.
(Typically Offered: Fall)