Information Package

Program of Insurance and Risk Management

SİGO322

ACTUARIAL STATISTICS

Course Code
SİGO322
Semester
Sixth Term (Spring)
Theory+Practice
3 + 0
ECTS
5
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study3
SemesterSixth Term (Spring)
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Understand the frequency of claims and the severity of losses and gain the ability to perform calculations.
  2. Calculate risk premiums by taking into account risk factors.
  3. Evaluate the profitability of an insurance company through premium income and analysis of loss payments.
  4. Develop hypothesis tests in insurance, conduct point estimation, and perform confidence interval estimation.
  5. Calculate expected loss payments using statistical distributions applied in insurance.
Mode of Delivery
PrerequisitesNo
Recommended Optional Programme Components
Course Description
Course Contents
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz
Individual or group work 14 3 42
Preparation for Final exam 1 35 35
Course hours 13 3 39
Preparation for Midterm exam 1 20 20
Laboratory (including preparation)
Final exam 1 1 1
Homework 1 10 10
Total Work Load148
Total Work Load / 30 (h)4.93
ECTS Credit of the Course5
Language of Instruction-
Work Placement(s)No
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