Property and casualty insurance actuarial science

Teacher(s)

Denuit Michel;

Language

French

Prerequisites

Mastery of basic concepts in statistics and probability calculation, at the level of courses in the FSA1BA, INGE1BA, MATH1BA programs or the access minor in statistics, actuarial sciences and data science.

Main themes

Insurance loss models, Risk sharing and transfer, Measuring and comparing risks, Credibility and bonus-malus, Reserving

Learning outcomes

At the end of this learning unit, the student is able to :
1	Given the standard AA (AA of the master's program in actuarial sciences), this activity allows students to master Firstly the following AA: 1.1, 1.4, 2.3 Secondarily the following AA: 1.2, 1.3, 1.6, 1.7, 1.8, 2.1 At the end of this course, students are able to: Put into practice the basic principles of pricing and actuarial management of damage insurance products. Determine the optimal risk management policy according to their characteristics, including the calculation of premiums and their revision based on past claims the evaluation of technical provisions projection of future financial flows calculating risk measures for traditional damage insurance products.

Bibliography

Matériel disponible en ligne, complété si nécessaire par
Denuit, M., Charpentier, A. (2004). Mathématiques de l'Assurance Non-Vie. Tome I: Principes Fondamentaux de Théorie du Risque. Collection Economie et Statistique Avancées, Economica, Paris.
Denuit, M., Charpentier, A. (2005). Mathématiques de l'Assurance Non-Vie. Tome II: Tarification et Provisionnement. Collection Economie et Statistique Avancées, Economica, Paris.
Denuit, M., Dhaene, J., Goovaerts, M.J., Kaas, R. (2005). Actuarial Theory for Dependent Risks: Measures, Orders and Models. Wiley, New York.
Kaas, R., Goovaerts, M.J., Dhaene, J., Denuit, M. (2008). Modern Actuarial Risk Theory Using R. Springer, New York.

Teaching materials

• Syllabus, transparents, etc. sur moodle

Faculty or entity

> LSBA