300-314 Contingencies

Note

Students may not gain credit for both 300-314 Contingencies and either of 300-341 Actuarial Mathematics I and 300-342 Actuarial Mathematics II.

Credit Points

25

Coordinator

R M Fitzherbert

Prerequisites

300-312 Actuarial Modelling I.

Semester

2 (view timetable)

Contact

Six hours of lectures and/or tutorials per week

Subject Description

Topics include traditional life insurance products; present values of annuities and assurances for single lives; net and gross premiums and policy values; select mortality; joint life theory; cashflow models; competing risks; discounted emerging costs; multiple decrements; guarantees and options; risk classification.

Generic Skills

  • High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; interpretation and analysis; synthesis of data and other information; evaluation of data and other information; use of computer software.

Assessment

Two 2-hour end of semester examinations (80%) and up to three assignments totalling not more than 40 pages (20%)



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