Risk and Insurance Analytics ((3 Units))

Catalog description

Prerequisite: RMI 514 or RMI 515 . The primary objective of this course is to provide an introduction to risk and insurance analytics and the application of analysis techniques to insurance underwriting, fraud detection and risk management. Topics to be covered include: 1. An overview of the application of analytics to risk management and insurance, 2. Basic Data Modeling Concepts, 3. Traditional Analysis Techniques, 4. Modern Analysis Techniques, 5. Application to Underwriting, 6. Application to Claims, 7. Application to Risk Management. (Formerly 6400:560)