Course Overview

The course is intended for students who have basic knowledge of probability such as random variables, distribution functions, generating functions and their basic properties. The basic concepts of risk analysis and their stochastic nature will be presented.

Learning Achievement

The methodology presented in the course will broaden students' knowledge area and show new applications of the probabilistic techniques in risk phenomena.

Competence

Course prerequisites

Grading Philosophy

Course schedule

1. Probability aspects of risk. 2. Distributions of total insurance paid in one year. 3. Principles of calculation of the premiums. 4. Exchanges of risk and re-insurance.

Course type

Online Course Requirement

Instructor

Nikolai Valtchev Kolev

Other information

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