2.0

credits

Average Course Rating

This course prepares students to understand risk and insurance, including decision making under uncertainty. The course will balance theory with industry-best practices and applications. Topics include: understanding the actuarial foundations of risk and insurance, including risk transfer pricing and risk pooling; both deterministic and stochastic risk application processes; understanding insurance product valuation using a variety of methods including simulation; construction of short-term analysis for capital at risk and optimal risk sharing along with analysis of claims and liabilities with extended time horizons; understanding the overall risk and insurance process, including structure and framework, empirical observations and business cycles; appreciation of managing uncertainty in the context of risk and insurance markets.