Credit and Insurance Risk Analytics

Course Code: MSCA 32004

Course Summary: Prerequisite:
MSCA 31007: Statistical Analysis

This course teaches analytical tools commonly employed in the areas of credit and insurance risk. In the area of credit risk, students at the end of the course should be able to: Understand the business problems and their challenges in the consumer credit risk analytics, design and apply analytical approaches tailored to each problem, and identify and address the underlying assumptions in the designed approaches. In the area of insurance risk, students should be able to: Understand various risks related to the insurance business, in particular the underwriting or pricing risks, quantify and price an individual insurance risk exposure and construct customer segmentation by using statistical and actuarial approaches, and assess company’s overall risk management performance at the portfolio level.