Actuarial modelling 382

Module code IAS 382
Qualification Undergraduate
Faculty Faculty of Natural and Agricultural Sciences
Module content

Principles of actuarial modelling and stochastic processes. Markov chains and continuous-time Markov jump processes. Simulation of stochastic processes. Survival models and the life table. Estimating the lifetime distribution Fx(t). The Cox regression model. The two-state Markov model. The general Markov model. Binomial and Poisson models. Graduation and statistical tests. Methods of graduation. Exposed to risk. The evaluation of assurances and annuities. Premiums and reserves.

Module credits 20.00
Service modules Faculty of Economic and Management Sciences
Prerequisites WST 312 60%
Contact time 1 practical per week, 2 lectures per week
Language of tuition Module is presented in English
Department Actuarial Science
Period of presentation Semester 2

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