Comprehensive study guide and lecture series on Actuarial Science.
Learn how to design probability models for the number of accidents (Frequency) and the loss per accident (Severity), the core of non-life insurance sectors like auto, fire, and liability.
Understand the principles of insolvency arising from imbalances between an insurer's income and outgo, and learn how initial capital and security loading affect the probability of ruin.
Understand the concept of reinsurance, the 'insurance for insurers,' and analyze the differences between proportional and non-proportional reinsurance from a mathematical perspective.
Learn about the actuarial changes brought by the introduction of IFRS17, which values insurance liabilities at 'market value' rather than cost, as well as the concept of CSM (Contract Service Margi...