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MA6623 - Advanced Mathematical Methods for Finance and Actuarial Science

Offering Academic Unit
Department of Mathematics
Credit Units
3
Course Duration
One Semester
Pre-cursor(s)
MA5621 Mathematical Methods for Finance and Actuarial Science; fundamentals of statistics and probability theory
Course Offering Term*:
Not offering in current academic year

* The offering term is subject to change without prior notice
 
Course Aims

This course aims to present the collective risk model that allows for modeling the accumulated claim process of an insurance company; introduce the usual reinsurance treaties and their quantitative properties; and examine the premium principles and risk measures in risk management


Assessment (Indicative only, please check the detailed course information)
Continuous Assessment: 50%
Examination: 50%
Examination Duration: 3 hours
Min. Examination Passing Requirement: 30%
 

50% Coursework

50% Examination (Duration: 3 hours, at the end of the semester)

For a student to pass the course, at least 30% of the maximum mark for the examination must be obtained.

Examination questions are designed to see how far students have achieved their intended learning outcomes. Questions will primarily be skills and understanding based to assess the student’s versatility in advanced methods of premium calculation and risk measures.

 
Detailed Course Information
MA6623.pdf