This course covers the details and practical understanding of the operations and regulation of the life and general insurance industries and the actuarial management of risks undertaken by life and general insurance companies. Topics include an introduction to the classes of insurance products and insurance operations, the processes for determining premium rates and pricing, reinsurance, valuation of liabilities, and the measurement and management of solvency.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- LO1. Explain the main classes of life insurance and the operations of life insurance companies
- LO2. Understand and apply the processes for determining premium rates and pricing of life insurance policies, including reinsurance
- LO3. Understand the processes for estimation of life insurance liabilities and apply a range of valuation techniques
- LO4. Explain the main classes of general insurance and the operations of general insurance companies
- LO5. Understand and apply the processes for determining premium rates and pricing of general insurance policies
- LO6. Understand the processes for estimation of general insurance liabilities and apply a range of valuation techniques
- LO7. Understand the issues of measurement and management of solvency and the concept of risk based capital, for both life and general insurance
Indicative Assessment
- Mid-Semester Exam - 30%
- Presentations - 20%
- Final Exam - 50%
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Requisite and Incompatibility
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 2
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2015 | $3414 |
- International fee paying students
| Year | Fee |
|---|---|
| 2015 | $4350 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3528 | 16 Feb 2015 | 06 Mar 2015 | 31 Mar 2015 | 29 May 2015 | In Person | N/A |
