MATH5995 is an honours and postgraduate mathematics course. See the course overview below.
For Semester 2 the topic will be - Quantitative Modelling of Operational Risk and Insurance Analytics
Units of credit: 6
Prerequisites: There are no prerequisites for this course.
Cycle of offering: Term 1
Graduate attributes: The course will enhance your research, inquiry and analytical thinking abilities.
More information: This course handout (PDF) contains information about course objectives, assessment, course materials and the syllabus.
The online handbook entry contains information about the course. The timetable is only up-to-date if the course is being offered this year.
If you are currently enrolled in MATH5995, you can log into UNSW Moodle for this course.
To develop practical mathematical/statistical and relevant numerical computing skills in an important new area of quantitative operational risk modelling based on actuarial methods from insurance. Operational risk identification, estimation and prediction is a current issue and a central activity not only in banking, insurance and superannuation industries but also in areas such as health, IT, environmental safety, ecology, disaster management, and medicine.
Broadly speaking, operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and system or from external events. The concept of operational risk is generic for organisations of all types.
This course will equip students with the necessary tools to undertake core quantitative risk modelling activities required from risk modellers/quantitative analysts in modern financial institutions and large corporations.