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Actuarial Practice and Control III (ACTL40009)
Undergraduate level 4Points: 12.5Not available in 2022
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
Overview
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This subject covers analysis of investment portfolios and asset classes from the perspective of an appointed actuary, with a view to identifying assets that suit the requirements of a variety of general insurance, life insurance, superannuation and other defined benefit liabilities.
Intended learning outcomes
- Appraise the investment requirements of a variety of types of insurance companies, superannuation funds and similar institutional investors.
- Explain these requirements in terms of realistic and achievable objectives.
- Analyse the characteristics of different asset classes in sufficient depth to establish a suitable strategy for achieving these objectives, using stochastic asset models and other techniques, as appropriate.
- Monitor investment portfolios, and their performance, in relation to stated objectives and the liabilities against which they are held.
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: 15 December 2022
Eligibility and requirements
Prerequisites
All of the following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL30004 | Actuarial Statistics | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
ACTL30003 | Contingencies | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
ACTL30006 | Intermediate Financial Mathematics | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Students cannot gain credit for both
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40009 | Actuarial Practice and Control III | Not available in 2024 |
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL90009 | Actuarial Practice and Control III | Not available in 2024 |
12.5 |
Recommended background knowledge
The following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40006 | Actuarial Practice and Control I | Semester 1 (Dual-Delivery - Parkville) |
12.5 |
ACTL40007 | Actuarial Practice and Control II | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
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: 15 December 2022
Assessment
Description | Timing | Percentage |
---|---|---|
One assignment or essay
| Week 10 | 20% |
End-of-semester examination
| During the examination period | 80% |
Last updated: 15 December 2022
Dates & times
Not available in 2022
Time commitment details
170 hours
Last updated: 15 December 2022
Further information
- Texts
Prescribed texts
None.
- 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: 15 December 2022