STAT3038 Actuarial Techniques
Later Year Course
| Offered By | School of Finance and Applied Statistics |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Statistics |
| Offered in | Summer Session, 2009, Second Semester, 2009, and Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
This course covers the development of cash flow projection models for the purpose of reserving, pricing and profit-testing life insurance contracts. Profit vectors, profit signatures, and measures of profitability in the context of life insurance will be introduced. Basic models will be extended to deal with competing risks, multiple decrement tables, and the relationship between independent and dependent rates. Techniques to value defined benefit superannuation liabilities will be covered in theory and practice. |
| Learning Outcomes | On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description. |
| Indicative Assessment |
Mid-Semester Examination 30% |
| Workload |
Two to three lectures and one tutorial per week plus private study time. |
| Areas of Interest | Actuarial Studies and Statistics |
| Requisite Statement |
STAT3037 Life contingencies |
| Prescribed Texts | See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf |
| Preliminary Reading |
See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf
|
| Indicative Reading List | See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3038 |
| Academic Contact | Sehttp://ecocomm.anu.edu.au/courses/course.asp?code=STAT3038e |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
