This unit provides an introduction to the important underlying aspects of actuarial work. We look at the development of actuarial techniques in the context of life insurance, general insurance, superannuation, and investment. The aim is to develop problem-solving skills and give students some of the basic tools for risk management and financial modelling. The unit shows how studies in related disciplines (such as accounting, demography, economics, statistics, computing and mathematics) are essential to the education of an actuary. The unit works through the control cycle approach to insurance: business objectives, product design, risk assessment, modelling of insurance and financial risks... -- Course Website
Instructor: Actuarial staff
Prerequisites: Admission to (BActStud or BCom-ActStud) or (18cp and GPA of 3.25)
