Actuarial Practice and Control III (ACTL40009)

Undergraduate level 4Points: 12.5Not available in 2023

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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

On completion of the subject, students should be able to:

  • 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: 4 March 2025

Eligibility and requirements

Prerequisites

All of

Code Name Teaching period Credit Points
ACTL30003 Contingencies
Semester 2 (On Campus - Parkville)
 12.5
ACTL30004 Actuarial Statistics
Semester 2 (On Campus - Parkville)
 12.5
ACTL30006 Intermediate Financial Mathematics
Semester 2 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
ACTL90009 Actuarial Practice and Control III
Not available in 2023
 12.5

Recommended background knowledge

The following:

Code Name Teaching period Credit Points
ACTL40006 Actuarial Practice and Control I
Semester 1 (On Campus - Parkville)
 12.5
ACTL40007 Actuarial Practice and Control II
Semester 2 (On Campus - 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: 4 March 2025

Assessment

DescriptionTimingPercentage

One assignment or essay

  • 2000 words (total)
Week 1020%

End-of-semester examination

  • 3 hours
Hurdle requirement: To pass this subject students must pass the end of semester examination.		During the examination period80%

Last updated: 4 March 2025

Dates & times

Not available in 2023

Time commitment details

170 hours

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

Last updated: 4 March 2025

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.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    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: 4 March 2025