MAT011 - Financial Maths and Modern Acturial Risk Theory Catalogue Entry
The module builds upon ideas from Probability Theory and Stochastic Processes. The module provides a solid but understandable treatment of a number of topics in Finance and Insurance. These topics are oriented towards of stochastic models in real-life situations. This module is aimed at the students who wish to gain a working knowledge of financial engineering, risk-management and insurance business. Specifically it aims to develop an advanced understanding of:
- the financial markets and financial models;
- risk-neutral pricing and hedging strategies, methods, tools and techniques;
- risk models for aggregative claims for insurance business and ruin theory
- statistical analysis and simulation techniques of financial and insurance data.
