Risk Theory·Course
Risk Theory & Actuarial Math
Actuarial mathematics: risk theory, life and property insurance, survival models, and risk management
5
Modules
15
Articles
~2 h
Reading
IV
CLOs
§ 01 — Curriculum
5 modules.
Each module is a small unit. Most read in sequence — but a determined reader can begin anywhere.
- M IFoundations of Risk Theory and InsuranceClassification of risks, risk measures, and basics of insurance mathematics3 articles
18 minBegin → - M IIActuarial Mathematics: Reliability TheorySurvival functions, mortality tables, and life insurance3 articles
18 minBegin → - M IIIReliability Theory of SystemsSystem failures, FTA, RBD, and maintenance3 articles
18 minBegin → - M IVCredit Risk and Default RiskDefault models, credit derivatives, and Basel3 articles
18 minBegin → - M VExtreme Events and Tail RisksExtreme value theory, catastrophes, and stress testing3 articles
18 minBegin →
§ 02 — Learning outcomes
4 outcomes.
CLO I
Actuarial Models
Construct and analyze actuarial models for assessing risks and insurance liabilities
CLO II
Life Insurance
Compute net premiums and reserves for life insurance and pensions
CLO III
Property Insurance
Analyze aggregate loss and reinsurance models
CLO IV
Financial Risks
Apply actuarial methods to financial risk management
§ 03 — Practices