STAT6043 Life Contingencies
STAT6043 is only available under certain award programs.
| Offered By | Rsch Sch of Finance, Actuarial Studies & App Stats |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Statistics |
| Offered in | Second Semester, 2013 and Second Semester, 2014 |
| Unit Value | 6 units |
| Course Description |
This course develops the basic actuarial techniques that are used in later work. Topics covered include: principal forms of heterogeneity within a population and the ways in which selection can occur; definition of simple assurance and annuity contracts; development of formulae for the means and variances of the present values of the payments under these contracts, assuming deterministic interest; practical methods of evaluating expected values and variances of simple insurance and annuity contracts; description and calculation, using ultimate or select mortality, of net premiums and net premium provisions for simple insurance contracts; and the calculation of gross premiums and provisions of assurance and annuity contracts. |
| Learning Outcomes |
The ability to demonstrate an understanding of and appropriately implement techniques to assess: • Mortality and selection. • Life assurance contracts and life annuity contracts. • Evaluation of assurances and annuities. • Reserves and policy values. • Mortality profit and extra risk. • Increasing insurances and with-profit policies. • Increasing annuities and applications of reserves. • Multiple life functions and insurances and annuities involving two or more lives. • Contingent and reversionary benefits. • Accounting for cash flows contingent on competing risks • The formation and us of profit tests |
| Indicative Assessment |
In-class quizzes 30% |
| Workload |
10 hours/week |
| 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. |
| Prescribed Texts |
See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6043.pdf |
| Programs | Graduate Certificate in Actuarial Techniques, Graduate Certificate in Actuarial Techniques, Master of Actuarial Statistics, Master of Actuarial Statistics, Master of Actuarial Studies, and Master of Actuarial Studies |
| Other Information |
Please refer to Course Website |
| Academic Contact | aaron.bruhn@anu.edu.au and aaron.bruhn@anu.edu.au |
The information published on the Study at ANU 2013 website applies to the 2013 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2012 website.
