• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Course subject Statistics
  • Areas of interest Actuarial Studies, Statistics
  • Academic career UGRD
  • Course convener
    • Aaron Bruhn
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in Second Semester 2014
    See Future Offerings

This course develops actuarial techniques for the valuing of policies which depend on contingent events concerning uncertain lifetimes. Topics include principal forms of heterogeneity within a population and the ways in which selection can occur; definition of simple assurance and annuity contracts; development of formulae for means and variances of the present values of payments; evaluating expected values and variances of simple insurance and annuity contracts; description and calculation of net and gross premiums and provisions for various insurance contracts; and cash flow models and profit tests, extended to multiple decrements and multiple state models.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

Upon successful completion of the requirements for this course, students will achieve an understanding of and facility in:

  • Mortality and selection.
  • Life assurance contracts and life annuity contracts.
  • Evaluation of assurances and annuities.
  • Reserves and policy values.
  • Mortality profit and extra risk.
  • Increasing insurances and with-profit policies.
  • Increasing annuities and applications of reserves.
  • Multiple life functions and insurances and annuities involving two or more lives.
  • Contingent and reversionary benefits.

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

  • In-class quizzes - 10% (redeemable)
  • Mid-Semester Exam - 20% (redeemable)
  • Final exam - 70%, 80%, 90% or 100%

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.

Workload

Three contact hours per week.

Requisite and Incompatibility

To enrol in this course you must have completed STAT2001 and STAT2032

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. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. 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
Domestic fee paying students
Year Fee
1994-2003 $2784
2004 $3084
2005 $3084
2006 $3090
2007 $3090
2008 $3090
2009 $3090
2010 $3090
2011 $3090
2012 $3090
2013 $3246
2014 $3246
International fee paying students
Year Fee
1994-2003 $2784
2004 $3084
2005 $3084
2006 $3132
2007 $3264
2008 $3264
2009 $3264
2010 $3576
2011 $3582
2012 $3582
2013 $3756
2014 $3762
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
8666 21 Jul 2014 01 Aug 2014 31 Aug 2014 30 Oct 2014 In Person N/A

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