This course is intended for students wishing to further the Actuarial knowledge they were introduced to during their undergraduate studies. The course will allow students to select specific topics to fill a knowledge gap.

Learning Outcomes

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

1. Demonstrate a detailed understanding of the topics outlined in the class summary.
2. Demonstrate a high-level mastery of concepts associated with the topics studied, as discussed by the course convenor.

Research-Led Teaching

The material covered in this course covers established principles in actuarial work and academia.

Examination Material or equipment

The final exam is closed book and covers the whole unit. A formula package and actuarial life tables will be provided during the exam. A calculator that allows you to perform basic

arithmetic calculations including exponential and logarithmic functions will be needed during the exam. Further information on examination material will be provided to students in

lecture time and on Wattle. The final assessment will be held in the examination period with details to be advised no later than teaching week 10 of the semester.

Required Resources

Course notes and materials will be provided via Wattle. You will need access to a calculator to complete exercises required for this course. You will need access to a computer to get the materials necessary for the course. We will use MS Excel in this course. Some classwork and tutorial questions and solutions will be illustrated using MS Excel. Learning guides and short video lectures will be made available on Wattle for students to learn the application of the concepts taught in this course. Some assignment questions will require the use of MS Excel. You are assumed to have experience in Excel from previous courses in your actuarial degree. Excel software is available for free to ANU students through Microsoft Office 365 .

Recommended Resources

There are no prescribed textbooks for this course.

Staff Feedback

Students will be given feedback in the following forms in this course:

• Tutorial solutions and discussions (online and local tutorials)
• lecturer consultations (online)

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

Other Information

Scaling

Your final mark for the course will be based on the raw marks allocated for each assignment or examination. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed or equal the scaled mark of that student), and may be either up or down.

Support for Students

The University offers a number of support services for students. Information on these is available online from http://students.anu.edu.au/studentlife/

Technology, Software and Equipment

This course involves intermediate level of programming with R, which is a powerful and free statistical package widely used by industrial professionals and academics.

Co- Teaching

STAT3032/STAT4072/STAT6042 will be taught jointly. There may be some material which is only relevant to some of these codes. This will be clearly identified during the lecture and/or tutorial. The different cohorts of students will also be treated separately in grading and any scaling that is applied.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Mortality and selection
2	Life assurance and annuity contracts
3	Evaluation of assurances and annuities
4	Gross premium calculations and accumulations	Assignment 1 due
5	Reserves and policy values
6	Policy values, mortality profit and extra risk
7	Increasing insurances and with-profit policies
8	Increasing annuities and applications of reserves	Assignment 2 due
9	Multiple life functions and policies
10	Cash flow models and profit testing
11	Unit-linked policies
12	Multiple decrement and multiple state models

Tutorial Registration

Tutorials will be available on campus. Students should enrol in their tutorial using MyTimetable. 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 (https://www.anu.edu.au/students/program-administration/timetabling)

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Assignment 1	10 %	20/08/2023	30/08/2023	1
Assignment 2	20 %	01/10/2023	16/10/2023	1,2,3
Final Examination	70 %	02/11/2023	30/11/2023	1,2,3,4,5,6,7

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines , which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Integrity Rule before the commencement of their course. Other key policies and guidelines include:

• Academic Integrity Policy and Procedure
• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Guideline and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure
• Code of practice for teaching and learning

Assessment Requirements

The ANU is using 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. For additional information regarding Turnitin please visit the Academic Skills website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

All lectures will be conducted on campus (recorded and available via echo360 on Wattle). Tutorials will be available on campus starting from week 2. Arrangements for consultations will be advised in week 1.

Examination(s)

Centrally scheduled examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information.

Assessment Task 1

Assignment 1

The details of Assignment 1 including the topic, nature of task, the word limit, format of presentation and other requirements, will be made available on Thursday 10

August.

Value: 10%

Due date: Sunday 20 August 20:00 (Week 4).

Return date: Marks will be released on Wednesday 30 August 18:00 (Week 6). Feedback will be given to the whole class with respect to overall performance via

announcement on Wattle. Individual feedback will be available from the marker.

Note: This assignment is non-redeemable and to be completed individually. Late submissions will not be accepted without prior permission from the course convenor

and students will receive a mark of zero for the assignment if it is submitted after the due date.

Assessment Task 2

Assignment 2

The details of Assignment 2 including the topic, nature of task, the word limit, format of presentation and other requirements, will be made available on Monday 18

September.

Value: 20%

Due date: Sunday 1 October 20:00 (Week 8).

Return date: Marks will be released on Monday 16 October 18:00 (Week 11). Feedback will be given to the whole class with respect to overall performance via

announcement on Wattle. Individual feedback will be available from the marker.

Note: This assignment is non-redeemable and to be completed individually. Late submissions will not be accepted without prior permission from the course convenor

and students will receive a mark of zero for the assignment if it is submitted after the due date.

Assessment Task 3

Final Examination

The final exam covers the whole unit. Further details will be provided no later than week 10 of the semester.

Value: 70%

Format: The final exam is closed book and will be held on-site. A formula package and actuarial life tables will be provided during the exam.

Duration: 3-hour writing time. 15 minutes reading time.

Date: The exam will be centrally timetabled. Details of the final examination timetable will be made available on the ANU Timetabling

website. The onus is upon students to acquire their own scheduling details.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.

 

The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

There is no hardcopy submission in the course.

Late Submission

No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded

Referencing Requirements

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

Returning Assignments

Assignments will be returned to students online.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

It will not be possible to resubmit assignments.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Access and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students