Graduate Diploma in Actuarial Science (GD-ACTSC) // Attributes, outcomes and skills

Critical thinkers in relation to actuarial studies and related disciplines.

• Describe and explain the fundamental theories of actuarial science as they apply in life insurance, general insurance and superannuation; and
• Assess the suitability of actuarial, financial and economic models in solving actuarial problems.

Analytical in the application of actuarial theory, knowledge, principles, techniques and data.

• Analyse actuarial data through the application of statistical techniques;
• Perform actuarial calculations through the application of actuarial techniques; and
• Analyse real and hypothetical actuarial problems.

Problem solvers capable of explaining and applying actuarial models.

• Analyse and evaluate options in business decision making.
• Describe the core areas of actuarial practice and relate to those areas actuarial principles, theories and models; and

On successful completion of this course, students will be:

• Receptive to alternative ideas through a review of the literature and through class participation and assessment;
• Able to use, critically evaluate and test actuarial models;
• Adept in statistical reasoning through completion of core quantitative subjects in the degree;
• Able to solve problems through their understanding of financial, statistical and actuarial techniques;
• Able to work effectively with computer software for the analysis of data;
• Able to retrieve, summarise and interpret actuarial and financial information through class exercises and assessment;
• Able to apply and synthesise mathematical, statistical, financial and actuarial theory, models and evidence to a variety of financial and insurance issues;
• Effective in communication of ideas; and
• Able to collaborate and be effective in team work.