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Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies

300-411 The Actuarial Control Cycle II

Coordinator:

Professor David Knox

Prerequisite/s:

300-410 The Actuarial Control Cycle I

Timetable:

Semester 2

Contact:

Four hours per week of lectures and/or tutorials

Objectives:

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

  • describe the different investment alternatives that are available and how these should be chosen in view of the liabilities;

  • discuss alternative definitions of solvency and how to assess future levels of solvency;

  • describe how the actual experience should be monitored and assessed;

  • identify the sources of any profit and discuss the factors that affect the distribution of this profit;

  • explain how the actuarial control cycle approach and actuarial techniques can be used to tackle many commercial problems.

Content:

Reserving methods; investments for different types of liabilities; assessment of solvency; analysis of experience; analysis of surplus; actuarial techniques in the wider fields; an introduction to professionalism.

Assessment:

A three hour end-of-semester examination (80%) and class assignments and presentations not exceeding 3000 words (20%).
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Handbook 1997 : Faculty of Economics and Commerce : Actuarial Studies 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Authorised by:            Academic Registrar
Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.