Offered By: IBM
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Learn how to build a mathematical model of an insurance company using Risk Process and to do risk and revenue assessment.
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At a Glance
Learn how to build a mathematical model of an insurance company using Risk Process and to do risk and revenue assessment.
In this lab you will learn how to build a mathematical model of an insurance company using Risk Process and to do risk and revenue assessment.
Learning Objectives
After completing this lab you will be able to:
- Build the model of an Insurance Company with Risk Process.
- Understand Classical Risk Process
- Understand basic actuarial approximations and their limitations
- Use Actuarial approximations for Risk Assessment of the Classical Risk Process
- Calculate the Ruin Probability of the Classical Risk Process using Monte Carlo method and compare it to theoretical results
Prerequisites
- Basic Python knowledge
- Basic Probability theory knowledge
- Basic Integral calculus knowledge
Level
Intermediate
Industries
CyberSecurity
Skills You Will Learn
Artificial Intelligence, Data Science, Machine Learning
Course Code
GPXX048OEN