Module Directory

 

Module Description

 
 
Module Name
Module Code
Lecture Hrs
Practical Hrs
Credits
Statistical Methods I
STAT5261
3
0
3

Description
Review Of Distribution Theory; Loss Distributions; Moments and mgfs; Risk Models: Collective and Individual; Re-Insurance; Run-Off Triangles: The Basic chain ladder method and more advanced methods for calculating outstanding claims provisions in general insurance; Decision Theory and applications; Bayesian Theory : Bayes theorem, Use of prior information, Model based Bayesian Inference, Posterior Distributions, Point Estimation, Highest Posterior Density and Central Posterior Density, Credibility theory and the use of collateral data in estimation, The empirical Bayes credibility approach ; Concepts of rating; Ruin Theory ; Random Number Generation and Monte Carlo Simulation for risk measures.
Faculty Department
FACULTY OF SOCIAL SCIENCES AND HUMANITIES Department of Economics and Statistics
Contact Details
Administrative assistant: DILMAHOMED BOCUS Bibi Swaleha
Telephone: 4037400
Email: s.dilmahomed@uom.ac.mu
 

 


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