Risk Insurance

Uitgebreide vaknaam	Risk Insurance
Leerdoelen	Upon completion of the course the student is able to: 1.Describe the most important actuarial models from risk theory. 2.Distinguish between risk on a single policy and a portfolio with many policies. 3.Give examples of applicability of actuarial models in the field of risk theory. 4.Explain the most important mathematical, statistical, and probabilistic techniques in the field of risk theory. 5.Apply relevant models to practical cases using statistical software. 6.Determine the most suitable technique from mathematics, statistics, and probability to solve problems in risk theory. 7.Evaluate the fit of a risk model, using statistical software. 8.Write down solutions to actuarial problems in risk insurance (in English) and reflect on outcomes.
Omschrijving	The economics and mathematics of short-term insurance. Topics includes collective risk models, premium principles, bonus-malus system, ordering of risks, and generalized linear models.
Uren per week	6
Onderwijsvorm	-hoorcollege ,  -werkcollege
Toetsvorm	-groepsopdracht,  -individuele opdracht,  -schriftelijk tentamen (open vragen)
Vaksoort	bachelor
Coördinator	Dr. K.W. Chau
Docent(en)	Dr. K.W. Chau , W. Zhu, PhD.
Verplichte literatuur	Titel Auteur ISBN Prijs Modern Actuarial Risk Theory using R, softcover edition, 2009 Kaas, Rob, et al. 9783642034077 ca. €  100,00
Entreevoorwaarden
Opmerkingen	Info: dr. Ki Wai Chau, e-mail k.w.chau@rug.nl. Secretary: Martine Geerlings-Koolman, phone +31(0)50 36 37018, e-mail m.a.koolman@rug.nl.
Opgenomen in	Opleiding Jaar Periode Type BSc Econometrics and Operations Research/EOR  (basisprogramma BSc EOR) 2 semester II b verplicht BSc Mathematics: General Mathematics  (Electives and Minor General Mathematics) 3 semester II b keuze BSc Mathematics: Probability and Statistics 3 semester II b keuze Courses Exchange (BSc)  (Courses Exchange Students (BSc) without limited access) 2 semester II b keuze Pre-MSc-programma’s FEB  (Pre-MSc EORAS) 1 semester II b verplicht