• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Course subject Actuarial Studies
  • Academic career PGRD
  • Course convener
    • Dr Aaron Bruhn
  • Mode of delivery In Person
  • Offered in First Semester 2015
    See Future Offerings

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%

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Requisite and Incompatibility

To enrol in this course you must have completed STAT3038 or STAT6045.

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
Domestic fee paying students
Year Fee
2015 $3414
International fee paying students
Year Fee
2015 $4350
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
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

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