GI 301 Further Topics in General Insurance
Study advanced general insurance topics, including stochastic reserving, specialised ratemaking, reinsurance and catastrophe models.
Learning Objectives
4 objectivesApply stochastic reserving and measure risk margins on unpaid claims.
Analyse development for excess limits and layers, and value premium liabilities.
Apply specialised ratemaking methods.
Explain reinsurance, and catastrophe models and risk loads.
Programme Outline
8 topicsStochastic Reserving
Reserving methods that model the variability of claims.
Development Analysis for Excess Limits and Layers
Claims development for high layers of cover.
Premium Liabilities
Liabilities for premiums not yet earned.
Risk Margins for Unpaid Claims
Allowing for uncertainty in the estimate of unpaid claims.
Monitoring Results
Monitoring actual results against expectations.
Specialized Ratemaking Topics
Advanced topics in setting rates.
Reinsurance
Reinsurance in general insurance.
Catastrophe Models and Risk Loads
Catastrophe models and the loads added to price for risk.
Hands-On Resources
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