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Actuarial Practice And Control I (ACTL90010)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

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Semester 1
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Topics include insurance markets and products; underwriting and risk assessment; policy design; actuarial modelling; actuarial assumptions and feedback; reserving methods.

Intended learning outcomes


  • 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

Generic skills

  • High level of development: 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