Year of Study:	3 - 4
Credit Units:	3
Duration:	45hours
Prerequisites:	AIN3100 Stochastic Processes with Applications; or with the Module Coordinator’s permission and upon endorsement of the relevant Head

In this module, students will learn different distributional quantities. A variety of continuous models, discrete distributions and aggregate models will be introduced. Students are expected to analyze and apply different models in solving practical problems.

Upon completion of this module, students should be able to:

1. analyse distributional quantities;


2. apply continuous models in modelling claims;


3. apply discrete distributions and stochastic process in analyzing claim frequency;


4. and apply mathematical models and statistical techniques for assessing insurance and financial risks.