FACULTY OF SCIENCES
ACTUARIAL
Course Name   Non-Life Insurance Mathematics
Semester Course Code Theoretical / Practice time ECTS
6 2717601 4 / 0 6
Course Degree Bachelor's degree
Course Language Turkish
Format of Delivery: Face to Face
Course Coordinator Prof. Dr. Mehmet Fedai KAYA
Coordinator e-mail fkaya selcuk.edu.tr
Instructors
Asistant Instructors
Course Objectives Aim of this course is to teach experience pricing by introducing suitable statistical distributions for each data type being used by non-life insurance branch.
Basic Sciences Engineering Scinces Social Sciences Educational Sciences Artistic sciences Medical Science Agricultural sciences
80 0 0 0 0 20 0
Course Learning Methods and Techniquies
Week Course Content Resource
1 The distributions and properties of claim frequency
2 The distributions and properties of claim severity
3 The types of insurance data, point and confidence interval estimates, insurance process
4 Risk factors, risk premium, the ratio of loss frequency, loss amount
5 Parametric and non-parametric estimation methods
6 Application
7 Utility functions, expected utility criterion, Jensen inequality
8 Types of the utility functions I
9 Types of the utility functions II
10 Midterm exam
11 Bonus Malus Systems
12 No-claims discount
13 Properties of premium principles and applications
14 No-claims discount
15 Preparation for Final Exam
Assesment Criteria   Mid-term exam Final exam
  Quantity Percentage Quantity Percentage  
Term Studies : - - - -
Attendance / Participation : - - - -
Practical Exam : - - - -
Special Course Exam : - - - -
Quiz : - - - -
Homework : - - - -
Presentations and Seminars : - - - -
Projects : - - - -
Workshop / Laboratory Applications : - - - -
Case studies : - - - -
Field Studies : - - - -
Clinical Studies : - - - -
Other Studies : - - - -
Mid-term exam   1 40 - -
Final exam   - - 1 60
ECTS WORK LOAD TABLE   Number Duration
Course Duration : 14 4
Classroom Work Time : 14 6
Presentations and Seminars : - -
Course Internship : - -
Workshop / Laboratory Applications : - -
Field Studies : - -
Case studies : - -
Projects : - -
Homework : - -
Quiz : - -
Mid-term exam : 1 15
Final Exam : 1 25
ECTS 6
No COURSE LEARNING OUTCOMES CONTRIBUTION
D.Ö.Ç. 1 Understand insurance process and recognize the branches of non-life insurance.
D.Ö.Ç. 2 Calculate gross premium by using premium principles.
D.Ö.Ç. 3 Learn the theory of utility functions and calculate the risk premiums by using these function
D.Ö.Ç. 4 Learn the statistical distributions that are used in claim counts and claim size, estimate the parameters of these distributions and test for goodness of fit.
* 1: Zayıf - 2: Orta - 3: İyi - 4: Çok İyi
COURSE LEARNING OUTCOMES AND PROGRAM OUTCOMES AND RELATIONSHIPS MATRIX

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