Insurance markets and products; underwriting and risk assessment; policy design; actuarial modelling; actuarial assumptions and feedback; reserving methods.

Upon successful completion of the requirements for this course, students will be able to:

• Discuss and apply an actuarial control cycle in a variety of practical commercial situations
• Relate the main features within the general environment to medium and long-term commercial decisions
• Analyse the main features of the financial services marketplace including products and distribution channels
• Examine the need for, and impact of, regulation and government policy on medium and long-term commercial decisions
• Recognise the importance of capital
• Understand and apply an enterprise risk management framework to identify and assess the risks in a range of situations
• Select and build an appropriate model to solve client problems
• Discuss and apply the process of product design
• Apply the tests of professionalism

• Examination 80%
• Class Presentation 10%
• Investment Assignment 10%

Four hours per week of lectures and/or tutorials plus private study time.
Professional actuarial course for the Honours year of Actuarial Studies Degree.

Enrolment in ACST4004P/F Actuarial Studies IV Honours

See course website