STAT 4703
Actuarial Models II
Lec 01 selected
This course focuses on the development of statistical methods for the estimation and validation of actuarial models. Topics to be discussed include: methods of estimation, properties of estimators, goodness of fit, credibility theory, survival estimators, measures of risk, estimation of severity and ruin models.
Sections
Lecture
Lec 01
Mon, Wed, Fri 8:35-9:25
From the syllabus
From the Fall 2024 syllabus by Toby Kenney. Open the PDF
Grading
30%Midterm examOctober 19
55%Final examDuring exam period; date TBA
15%Assignments (8)Best 7 of 8
Textbooks
- Loss Models: From Data to Decisions (Fourth Edition), S. A. Klugman, H. J. Panjer, and G. E. Willmot
- Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance (Fourth Edition), Brown and Lennox (optional)
- Short-Term Actuarial Mathematics Study Notes, Society of Actuaries (optional, free)
Course rules
- Late work
- Late assignments receive zero because solutions are posted immediately after the due date.
- Assignments
- Assignments must be completed individually.
- Missed final
- Notify the instructor before the exam where possible and submit the Student Declaration of Absence; make-up efforts will be made.
- Delivery
- Lectures and exams are in person; homework may be submitted in class or online.
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