Models for loss severity: parametric models, effect of policy modifications, tail behaviour. Models for loss frequency: (a, b, 0), (a, b, 1), mixed Poisson models; compound Poisson models, Aggregate claims models: moments and moment generating function: recursion. Classical ruin theory. [Offered: F,S] Prereq: STAT 330, 333; Actuarial Science, Business/Math double degree, Mathematical Finance, Mathematics/Accounting Actuarial Science Option students only
