UCLA Mathnet Login

Math 173B: General Course Outline

Catalog Description

173B. Casualty Loss Models II. (4) Lecture, four hours. Enforced requisite: course 173A. Designed to prepare students for Society of Actuaries Construction and Evaluation of Actuarial Models examination. Construction of parametric loss models and introduction to credibility theory that provides tools to utilize collected information, such as past loss information, to predict future outcomes. Use of simulation to model future events. Letter grading.

Textbook

Klugman, Panjer and Wilmot, Loss Models: From Data to Decisions, 4th Edition, 2012, by SOA. Textbook is subject to change.

Updated: 9/14

Schedule of Lectures

Lecture Section Topics

1

Construction of parametric models

2

Selection of parametric models

3

Classical Credibility

4

Least Squares Credibility

5

Bayesian Analysis

6

Conjugate Priors

7

Buhlmann-Straub Model

8

Non-parametric methods

9-10

Simulation in modeling