Two-State Markov Model & Poisson Process Explained | Actuarial & Stochastic Models Podcast (CS2)

🔍 In this episode of the AnnActuary podcast, we dive into two essential models from actuarial science and stochastic processes: the Two-State Markov Model and the Poisson Process. 🎙️ What you'll learn: Key concepts of the Two-State Markov Chain Transition probabilities and long-term behaviour Basics and applications of the Poisson Process Real-life actuarial and insurance applications 📚 Ideal for students preparing for Actuarial CS2, statistics, or mathematical modelling. 🌐 Follow us on this journey to build strong foundations in applied probability and actuarial modelling. ✅ Don't forget to like, subscribe, and hit the 🔔 to stay updated on future episodes! #MarkovModel #PoissonProcess #ActuarialScience #CS2 #StochasticProcesses #AnnActuary #MathPodcast #ProbabilityTheory #InsuranceMath #ActuarialExam