Lecturer(s): Dr Panayiota Constantinou
This module is only available to students on four year degrees in the Department of Statistics (MMORSE and MMathStat.)
Prerequisite(s): ST334 Actuarial Methods, ST218/219 Mathematical Statistics A&B
Commitment: 3 lectures per week. This module runs in Term 2 and is weighted at 15 CATS.
- Principles of actuarial modelling
- Principles of stochastic processes
- Markov chains and Markov processes
- Survival models: lifetimes, curtate future lifetime, expected value and variance.
- Estimation procedures for lifetime distributions: Kaplan–Meier estimate, Cox model
- Multi-state Markov models.
- Maximum likelihood estimators for transition intensities in multi-state models.
- Binomial model of mortality.
- Estimating mortality rates by age: exact methods, census approximations
- Process of graduation.
- Statistical tests for life tables.
Aims: To cover the syllabus for Institute of Actuaries exam CT4.
Objectives: At the end of the course, students will be familiar with calculations involving life tables and survival analysis.
Assessment: Two-hour examination (80%) and two one-hour class tests (10% each).
Deadline: Class Test 1: week 4 and Class Test 2: week 8.
Feedback: Feedback on class tests will be returned within 20 working days, following each test.
You may also wish to see:
ST338: Resources for Current Students (restricted access)