Department:
Department of Economics
Program:
МА «Финансовая экономика»
Semester:
3
Credits:
2
Course description
The course introduces various issues in insurance risk evaluation. The students will learn about the main ways to model asset dynamics of an insurance company, and will learn how to use assessment of ruin probability as a general risk characteristic. The students will study in details the equation describing the ruin probability and will learn how to assess sensitivity of results to changes in the initial parameters. They will also learn to evaluate the current risk of financial position of an insurance company in relation to specific types of insurance (in particular, insurance of drivers' responsibility).