Insurance Risk assessment w/Monte Carlo method using Spark
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Master insurance risk assessment using the Monte Carlo method with Spark. Learn how to simulate risk scenarios and use big data processing to make more accurate predictions and improve decision-making in the insurance sector.
At a Glance
Learn about the Monte Carlo method and calculate the ruin probability of an insurance company using Apache Spark.
Learning Objectives
- Understand and apply Monte Carlo method.
- Get a basic idea about the accuracy of the method
- Calculate the “Pi” number by means of the method
- Parallelize the method using Apache Spark
3. Calculate the Ruin probability using Monte Carlo method.
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