STAT6045 Actuarial Techniques
| Offered By | School of Finance, Actuarial Studies & Appl Stats |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Statistics |
| Offered in | Second Semester, 2011 and Second Semester, 2012 |
| 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. |
| Course Classification(s) | SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Actuarial Studies |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with at least two years of university level statistical and mathematical study including calculus and linear algebra, as well as mathematical statistics and linear regression theory. |
| Incompatibility |
With STAT8045 Actuarial Techniques |
| Prescribed Texts | See: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf |
| Preliminary Reading |
See: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf
|
| Indicative Reading List | See: http://ecocomm.anu.edu.au/courses/outline/STAT3038.pdf |
| Programs | Graduate Certificate in Actuarial Techniques, Graduate Certificate in Actuarial Techniques, Master of Actuarial Statistics, Master of Actuarial Studies, Master of Actuarial Statistics, and Master of Actuarial Studies |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6045 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6045 |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
