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Rsch Sch of Finance, Actuarial Studies & App Stats · ANU College of Business and Economics
This course develops actuarial techniques for the valuing of policies which depend on contingent events concerning uncertain lifetimes. Topics include principal forms of heterogeneity within a population and the ways in which selection can occur; definition of simple assurance and annuity contracts; development of formulae for means and variances of the present values of payments; evaluating expected values and variances of simple insurance and annuity contracts; description and calculation of net and gross premiums and provisions for various insurance contracts; and cash flow models and profit tests, extended to multiple decrements and multiple state models.
Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate
Learning outcomes 1, 2, 3, 4, 5, 6, 7
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.
Information about the prescribed textbook will be available via the Class Summary.