Program Description

This session expands on the material covered in the CAS webinar “An Introduction to Copulas and Their Applications.” This session will discuss the following topics:
1. Families of copulas
2. Simulation of joint distributions using copulas
3. Fitting copulas to empirical data
4. Important considerations in modeling joint distributions with copulas
An example of fitting marginal distributions and a copula to data will be used to demonstrate concepts.

Intended Audience
The general actuarial population who are familiar with the material presented in the webinar “An Introduction to Copulas and Their Applications.” If copulas are a new topic for you, it is highly recommended that you become familiar with the material discussed in the introduction that was presented in February 2011. A recording of the webinar can be viewed through the University of CAS (UCAS).
This session could be characterized as an intermediate-level session and is intended for those who want to learn more about copulas beyond the basic concepts and terminology. This session will provide basics for getting started in copula applications.