Actuarial Statistics I (STAT40160)
Credits 7.5 Subject Statistics & Actuarial Science
Level 4 School Mathematics and Statistics
Semester   Information Semester One Module Coordinator Mr Andrew Smith

Game and Decision Theory.Basic elements of zero-sum two person gamesBayes and minimax criteria for decision makingLoss Distributions.Classic distributions used for modelling in insurance and financeImpact of Reinsurance on LossSimulating Loss distributionsClaims Reserving and Run-off Triangles.Bornhuetter Ferguson methodRisk Theory.Collective and Individual Risk models for aggregate losses.

Curricular information is subject to change