Graph theory is not only an important part of mathematical education. Its applications are widespread and of interest for economics, chemistry, Informatics, biology and engineers. Graph theory applies when net-like structures appear. That could be computer networks, traffic systems, electronic circuits, chemical compounds, economic relationships or social networks. In insurance context, graphs occur in operational risk, cyber risk, customer behaviour, reputational risk, natural catastrophes, climate change, and many other contexts. To understand these kinds of networks is essential for valuation of risk, developing measures or calculating scenarios. Actuaries and risk managers are encouraged to learn about these techniques for better modelling of non-linear interrelated risks.
Organised by the EAA – European Actuarial Academy GmbH.