Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 194)
Actuarial Studies subject : Prev:300-410 | Search | Help

300-411 The Actuarial Control Cycle II

Year 4 Actuarial Studies.

Credit points: 12.5

Coordinator: Professor David Knox

Prerequisite: 300-410 The Actuarial Control Cycle I

Contact: Four hours per week of lectures and/or tutorials

Timetable: second semester

Objectives:

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

• Describe how reserves, where necessary, could be calculated and how these could vary using different methods and assumptions;
• Describe the different investment alternatives that are available and how these should be chosen in view of the liablities;
• Discuss alternative definitions of solvency and how to assess future levels of solvency;
• Describe how the actual experiance should be monitored and assessed;
• dentify the sources of any profit and discuss the factors that affect the distibution of this profit;
• Explain how the actuarial control cycle approach and actuarial techniques can be used to tackle many commercial problems.

Content:

Reserving methods; investmenmts for different types of liabilities; assessment of solvency; analysis of experience; analysis of surplus; actuarial techniques in the wider fierls.

Assessment:

A three hour end-of-semester examination (80%) and class assignments not exceeding 3,000 words (20%).

Actuarial Studies subject : Prev:300-410 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 194)

Status:          Official 1996
Date created:    Oct  9 1995
Last modified:   Oct  9 1995
Authorised by:   Academic Registrar
Email enquiries: Course_Information@registrar.unimelb.edu.au

Copyright © University of Melbourne 1995,1996.