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General Insurance Practice (ACTL90018)
Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 - Dual-Delivery |
---|---|
Fees | Look up fees |
Topics include the Australian General Insurance industry and products, actuarial estimation of claims cost, general insurance liabilities, general insurance pricing, capital management, accounting and regulatory reporting.
Intended learning outcomes
On successful completion of this subject a student should be able to:
- Describe the main features of the Australian General insurance market, including consumers, providers, intermediaries and other stakeholders;
- Understand and Analyse General Insurance and Injury Scheme products;
- Analyse and estimate claims costs for General insurance products using common actuarial techniques;
- Understand the theory underlying the establishment of liabilities for General Insurance entities, and perform simple calculations of such liabilities;
- Perform a reconciliation between two valuations of liabilities;
- Explain and calculate the components of a General Insurance premiums; both in aggregate and at an individual or cohort level;
- Incorporate other features of the General insurance environment into premium calculation, including the behaviour of competitors and monopoly considerations;
- Understand Capital Management of a General insurer, including calculation of regulatory capital;
- Understand and perform calculations for Accounting, Management, Regulatory and other Financial Reporting for a General Insurer.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL90004 | Insurance Risk Models | Semester 1 (Dual-Delivery - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Entry into the Master of Commerce (Actuarial Science)
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Group assignment. Draft due in week 7.
| Week 10 | 30% |
End-of-semester examination.
| During the examination period | 70% |
Last updated: 31 January 2024
Dates & times
- Semester 1
Principal coordinator David Heath Mode of delivery Dual-Delivery (Parkville) Contact hours 3 hours of lectures and/or tutorials per week. Total time commitment 170 hours Teaching period 28 February 2022 to 29 May 2022 Last self-enrol date 11 March 2022 Census date 31 March 2022 Last date to withdraw without fail 6 May 2022 Assessment period ends 24 June 2022 Semester 1 contact information
Time commitment details
170 hours
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- 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.
Last updated: 31 January 2024