Risk and survival modelling

In this unit, you will be introduced to a comprehensive exploration of the mathematics and statistics underpinning both short-term and long-term insurance risk. Building upon the foundational knowledge acquired in the Calculus I, Probability and statistics I and Probability and statistics II units, you will be exposed to the intricacies of risk and survival modelling, and a solid grounding in the mathematical and statistical principles essential for understanding the complexities of insurance risk, both in the short term and over extended periods. This unit acts as a bridge between foundational statistical methodologies and their practical application in the dynamic landscape of insurance.

Upon unit completion, you will have acquired the skills necessary to assess, analyse, and manage various forms of risk within the context of actuarial analytics which will prepare you for the challenges of actuarial analytics and provide sufficient expertise for use in various later units and the actuarial professional examinations.