AST4233 Construction and Evaluation of Actuarial Models

The aims of this module are to introduce the major areas and issues of Construction and evaluation of Actuarial models. The module is based on the following points Selection and application of an appropriate actuarial model to data at hand; Provides a practical understanding of the processes involved in the evaluation of an actuarial model Having successfully completed this module, students should be able to Analyse data from an application in a business context. Determine a suitable model including parameter values; and Provide measures of confidence for decisions based upon the model.