Risk Model I
Course Code
AK3183
Number of Credits
3
Semester
Course Type
Study Material
| Study Material | Depth |
|---|---|
| The concepts of claim frequency, claim size, and aggregate claims | Expert |
| Discrete distribution of claim frequencies | Expert |
| Continuous distribution of claim sizes | Expert |
| Modify coverage to the distribution of claim sizes | Expert |
| Tailed distribution and its nature | Expert |
| Aggregate loss models: moments and moment generating functions | Expert |
| Risk Measures throughValue at Risk (VaR)AndExpected Shortfall (ES) | Expert |
Graduate Learning Outcomes (GLO) carried by the course
| CPMK Code | Course Learning Outcomes Elements (CLO) |
|---|---|
| CPMK 1 | Get to know the concepts of frequency, claim size, and aggregate claims |
| CPMK 2 | Understand the discrete distribution of claim frequencies |
| CPMK 3 | Understand the continuous distribution of claim sizes |
| CPMK 4 | Get to know tailed distributions and the nature of distribution tails |
| CPMK 5 | Build an aggregate loss model from the frequency and size of claims |
Learning Method
- 1. Problem-based learning 2. Interactive discussion
Learning Modality
- 1. Face-to-face classes 2. Asynchronous learning
Assessment Methods
- 1. Exam 2. Quizzes/assignments