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Risk Insurance

Year 2 · Block 2b · Actuarial science

Coverage rules and portfolio models lead to insurance-data estimation, decisions under risk, premium principles and experience rating.

  • 14 lectures
  • 52 concept pages

Practise

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Lectures

1Insurance coverage: transforms and mixed losses4 concepts

Week 1, first lecture · Outline reference: Part 1.1

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2Insurance coverage: deductibles and limits5 concepts

Week 1, second lecture · Outline reference: Part 1.1

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3Coverage completion and portfolio risk models3 concepts

Week 2, first lecture · Outline reference: Parts 1.1–1.2

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4Compound risks and likelihood foundations6 concepts

Week 2, second lecture · Outline reference: Parts 1.2–2.1

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5Special observation mechanisms and GLM foundations5 concepts

Week 3, first lecture · Outline reference: Parts 2.1–2.2

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6Claim-frequency GLMs and rating factors5 concepts

Week 3, second lecture · Outline reference: Part 2.2

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7Utility theory and risk aversion2 concepts

Week 4, first lecture · Outline reference: Part 3.1

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8Insurance decisions and stochastic order2 concepts

Week 4, second lecture · Outline reference: Parts 3.1–3.2

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9Tail comparisons and stop-loss order3 concepts

Week 6, first lecture · Outline reference: Part 3.2

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10Dispersion, utility dominance and exponential order3 concepts

Week 6, second lecture · Outline reference: Part 3.2

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11Risk-order consequences and premium foundations4 concepts

Week 7, first lecture · Outline reference: Parts 3.2–4.1

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12Premium principles and bonus-malus foundations5 concepts

Week 7, second lecture · Outline reference: Parts 4.1–4.2

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13Bonus-malus dynamics and reporting incentives3 concepts

Week 8, first lecture · Outline reference: Part 4.2

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14Bonus-malus efficiency and premium scales2 concepts

Week 8, second lecture · Outline reference: Part 4.2

Review lecture 14 in Concept Finder 2 concepts

Concepts appear in the lecture that introduces them, foundations first. A course name after a concept marks a page from another course used that lecture.

More about this course

Before you startEarlier concepts these pages use most. If a step feels unfamiliar, revisit them first.4 courses
Probability Theory for EOR
Probability Distributions
Math I: Calculus
Math II: Linear Algebra
See it in GalaxyThis course among all the wiki's concepts
How to read this courseNotation, shared pages and conventions

These notes introduce course-specific concepts. Existing Year 1 concepts have one canonical page and are linked under Before you start. The lecture sequence follows the 2026 course outline: 14 lectures across seven teaching weeks, numbered by class, with no lectures in course Week 5. Concepts appear at their first introduction and are reused by links afterwards. The stochastic-dominance pages state their loss-versus-wealth convention explicitly.

SourcesCourse material these pages were checked against
  • Risk Insurance · Course outline (2026)
  • Risk Insurance · Lectures 1–14
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Aliases: RI

Last updated: 26 October 2026 00:09