Offered By: IBM
Modelling and Basic Actuarial Calculation in Insurance
In this guided project you will learn how to build a mathematical model of an insurance company using Risk Process and to do risk and revenue assessment.
Continue readingGuided Project
Data Analysis
915 EnrolledAt a Glance
In this guided project you will learn how to build a mathematical model of an insurance company using Risk Process and to do risk and revenue assessment.
Learning Objectives
- Build the model of an Insurance Company with Risk Process.
- Understand Classical Risk Process
- Understand basic actuarial approximations and their limitations
- Use Actuarial approximations for Risk Assessment of the Classical Risk Process
- Calculate the Ruin Probability of the Classical Risk Process using Monte Carlo method and compare it to theoretical results
Certificate
Certificate Offered
Estimated Effort
1 Hour
Level
Beginner
Industries
Insurance
Skills You Will Learn
Data Science, Machine Learning
Language
English
Course Code
GPXX04HEEN