TAILIEUCHUNG - Lecture Risk management and insurance - Lecture No 8: Advanced topics in risk management

Lecture Risk management and insurance - Lecture No 8: Advanced topics in risk management. In this chapter, the learning objectives are: Probability distribution, application in risk management & insurance, insurance premium, using probabilistic approach. | Advanced Topics in Risk Management Lecture No. 8 1 Objectives Probability Distribution Application in Risk Management & Insurance Insurance Premium Using Probabilistic Approach Probability Distribution Representations of all possible events along with their associated probabilities Example; Total number of points rolled with a pair of dice. Outcome Probability 2 1/36 3 2/36 4 3/36 5 4/36 6 5/36 7 6/36 8 5/36 9 4/36 10 3/36 11 2/36 12 1/36 Different Events Mutually exclusive (events) The probability of two mutually exclusive events occurring at the same time is _ . Collectively exhaustive (events) Independent (events) Probability Distribution Measure of central tendency Mean, Median, Mode Measure of variability (risk) Difference (Min, Max) Variance Standard deviation Coefficient of variation “Unitless” measure Probability Distribution Insurance Premium Gross premium = Pure premium + Risk charge + Other loadings Pure premium = Expected Loss (EL) = Expected Frequency x Expected .

• Tài chính doanh nghiệp
• Risk management
• Lecture Risk management
• Financial institutions
• Classification of risk
• Probability distribution
• Application in risk management
• Benefits of risk management
• Risk management process
• Valuation and Risk Models book 4
• Financial Risk Management
• Risk Management Lecture
• Foundations of Risk Management
• Risk defining risk
• Financial Markets and Products
• Valuation and Risk Models
• Financial Risk Management FRM book 1
• Enterprise risk management
• Insurance market dynamics
• Financial risk manager
• Financial risk
• Financial manager
• Market risk management
• Credit risk management
• Integrated risk management
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• financial and regulatory contexts
• asset and risk management
• underlying theories of asset management
• asset management and risk management
• quản lý tài sản và quản lý rủi ro
• Project management
• Lecture Project management in practice
• Project risk management
• Risk identification
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• Risk on society
• Techniques for managing risk
• Finance management
• Fundamentals of finance management
• Derivatives and risk management
• Derivative securities
• Fundamentals of risk management
• Using derivatives
• Thesis abstract Banking – Finance
• Improving credit risk management capacity
• Credit risk management capacity
• Risk management capacity at Techcombank
• Risk management capability
• Information technology project management
• Information technology project
• Risk management planning
• Qualitative risk analysis
• Quantitative Analysis book 2
• Financial Markets and Products book 3
• Managing spot risk
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• Managing vanilla options risk
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• Credit risk
• Ideally insurable risk