• 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
  • Academic career PGRD
  • Course convener
    • Abhinav Mehta
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in Second Semester 2015
    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:

The ability to demonstrate an understanding of and appropriately implement techniques to assess:

• 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. 

• Accounting for cash flows contingent on competing risks

• The formation and us of profit tests

Other Information

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

Indicative Assessment

In-class quizzes 30%
Final exam 70%

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Workload

10 hours/week

Prescribed Texts

See Course Outline:  http://ecocomm.anu.edu.au/courses/outline/STAT6043.pdf

Specialisations

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.

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2764 20 Jul 2015 07 Aug 2015 31 Aug 2015 30 Oct 2015 In Person N/A

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