Handbook home
Actuarial Practice and Control II (ACTL90011)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Email: dnheath@unimelb.edu.au
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
Topics include assessment of solvency; analysis of experience; analysis of surplus; actuarial techniques in the wider fields; and an introduction to professionalism.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Discuss and apply an actuarial control cycle in a variety of practical commercial situations;
- Apply the tests of professionalism;
- Relate the main features within the general environment to medium and long term commercial decisions;
- Examine the need for and impact of regulation and government policy on medium and long term commercial decisions;
- Analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers;
- Demonstrate an understanding of enterprise risk management and its role in organisational management;
- Apply a risk assessment framework to identify and assess the risks in a range of commercial situations;
- Discuss and apply the process of product design;
- Select an appropriate model to solve client problems;
- Recognise the importance of capital;
- Apply relevant approaches and techniques to the valuation of liabilities;
- Apply appropriate techniques to the pricing of products and contracts;
- Measure, report and manage solvency;
- Measure and report emerging profits and/or costs;
- Monitor and assess experience;
- Manage the business and respond to the experience.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Written communication;
- Collaborative learning;
- Problem solving; team work;
- Application of theory to practice;
- Interpretation and analysis;
- Critical thinking;
- Synthesis of data and other information;
- Evaluation of data and other information;
- Accessing data and other information from a range of sources.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Completion of at least one year of the Master of Actuarial Science degree, including four core subjects; or equivalent, depending on previous study.
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40007 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
It is recommended that student complete ACTL90010 Actuarial Practice and Control I before taking this subject.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- Three hour end-of-semester examination (70%); and
- Two group assignments of 8 pages each, first due in week 5 and second in week 9 (30%).
Note: Successful completion of this subject requires a pass (50%) in the final exam.
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator David Heath Mode of delivery On Campus (Parkville) Contact hours 4 hours of lectures and/or tutorials per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017 Semester 2 contact information
Email: dnheath@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Reading Block
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Actuarial Science) - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022