Handbook home
General Insurance Practice (ACTL90018)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
---|---|
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