300-330 Survival Models: Theory and Applications

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300-330 Survival Models: Theory and Applications
Credit Points	25
HECS Band	2
Coordinator	D C M Dickson
Prerequisites	300-203 Financial Mathematics I and 620-202 Statistics
Semester	1 (view timetable)
Contact	Six hours of lectures and tutorials per week
Subject Description	Topics include survival models concepts; estimation procedures for lifetime distributions; multiple state models; transition intensities; exact and census methods for estimating transition intensities based upon age and duration; graduation; goodness of fit and smoothness of graduated estimates versus crude estimates; traditional life insurance products; present values of annuities and assurances for single lives and their moments; net premiums; and net policy values.
Assessment	Two 2-hour end-of-semester examinations (80%) and three assignments totalling not more than 4500 words (20%).

Search : Index : Faculty of Economics and Commerce : Actuarial studies
Prev 300-205 Introduction to Actuarial Practice
Next 300-331 Modelling in Insurance and Finance I

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