Selection, calibration, and validation of parametric models for insurance losses; credibility theory; short term reserving and pricing; reinsurance coverages.

Prerequisite(s): A minimum mark of 60% in Statistical Sciences 3858A/B. Restricted to students enroled in any Actuarial Science module, or those registered in the Honours Specialization module in Statistics or the Honours Specialization in Financial Modelling module.

Extra Information: 3 lecture hours.