Скачать или смотреть Markov Chains in CS2 | Risk Modelling & Real-World Applications Explained Simply 🎓

🎧 Welcome to our CS2 Podcast Series!
In this episode, we explore one of the most important stochastic tools used in actuarial modelling — Markov Chains. If you're preparing for CS2: Risk Modelling and Survival Analysis, this session will give you the clarity and confidence you need.

📌 In this episode, we cover:

What is a Markov Chain?

Key components: states, transition probabilities, time-homogeneous vs non-homogeneous

Chapman-Kolmogorov equations & long-term probabilities

Application in life insurance, sickness models, and survival analysis

How Markov Chains appear in CS2 exam questions

Practical modelling tips and calculator shortcuts

Whether you're a student appearing for the IFoA / IAI CS2 exam, or just curious about how actuaries model real-world uncertainties, this podcast is for you.