2024/2025

Actuarial Calculus -2

Type: Mago-Lego

Delivered by: Department of Statistics and Data Analysis

When: 3 module

Open to: students of all HSE University campuses

Language: English

ECTS credits: 3

Contact hours: 28

Course Syllabus

Abstract

Introduction to Risk Theory offers a comprehensive exploration of the mathematical and statistical foundations of risk analysis in insurance. The course covers essential topics such as compound risk models, the computation of claim distributions, premium calculation principles, and risk measures. It delves into utility theory, examining the Expected Utility Hypothesis and its implications for optimal insurance strategies and risk sharing. Additionally, the curriculum introduces the Cramér–Lundberg model, focusing on ruin probabilities, differential equations, reinsurance, and the concept of Time to Ruin. Overall, this course equips students with theoretical concepts and quantitative methods necessary for effective risk management, enabling them to evaluate insurance products and make informed decisions in real-world contexts.