Offered By: IBM
Insurance Risk assessment w/Monte Carlo method using Spark
Learn about the Monte Carlo method and calculate the ruin probability of an insurance company using Apache Spark.
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At a Glance
Learn about the Monte Carlo method and calculate the ruin probability of an insurance company using Apache Spark.
In this hands-on project, you will learn about the Monte Carlo method and calculate the ruin probability of an insurance company using Apache Spark by means of the parallel Monte Carlo method.
Learning Objectives
1. After completing this lab you will be able to:
- Understand and apply Monte Carlo method.
- Get a basic idea about the accuracy of the method
- Calculate the "Pi" number by means of the method
- Parallelize the method using Apache Spark
2. Understand the Ruin probability of an insurance company
3. Calculate the Ruin probability using Monte Carlo method.
3. Calculate the Ruin probability using Monte Carlo method.
Estimated Effort
1 Hour
Level
Intermediate
Industries
Insurance
Skills You Will Learn
Apache Spark, Insurance, Machine Learning, Monte Carlo Method, Statistical Programming
Course Code
GPXX0BUBEN