Symposium Abstract

Gian-Yu Lee

Department of Mathematics

The Individual Risk Model

Constructing a risk model based on an insurance policy from a raw dataset is a way to quantify the risk. Aggregate claims distribution determined from the total claims occurred is essential in making insurance policies. The main methods to calculate and approximate the distribution are discussed and implemented. Further discussion includes the significance of results obtained, the advantages and limitations of the models, and the Collective Risk Model — a model that is often used to approximate the individual risk model.

Poster - 8:30 a.m.~10:15 a.m. - Guild Hall.