Actuarial Mathematics of Accident Insurance

Syllabus

Uncertainty, Risk, Insurance, Insurance Companies, Actuaries, Insurance Concepts, Products, Actuarial base. Frequency, severity and pricing methodology premium adjustments, Projections and trends for the final payments by using linear and other models. Reserving methods, Analysis of Insurance Data, Triangular methods and olistic methods of reserving, Discounting reserves, and Confidence Intervals. Reinsurance schemes, «Bonus-Malus» and Markov Chains.

Bibliography

1. Zimbidis A.(2008) “Actuarial Mathematics of Non-life Insurance”

2. Brown R.L , Gottlieb L.R. (2005) -3^rd edition

“Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance”, Actex Publications,

3. Mikosch T. (2006) “Non-Life Insurance Mathematics: An Introduction with Stochastic Processes” ,Springer