The course will cover modern approaches to actuarial practice in general insurance. It is designed to equip students with more practical knowledge on the general insurance industry and complement the study of advanced actuarial courses. The course will cover general insurance products and markets as well as methods for general insurance pricing, valuation of liabilities and capital/solvency requirements. The course is also aimed at ensuring students are job ready for careers in general insurance and has a significant focus on practical examples and real-world case studies that are relevant to the industry.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate an understanding of the general insurance market, products and operations.
- Apply general insurance pricing techniques.
- Apply general insurance valuation techniques for the estimation of liabilities.
- Describe capital and solvency requirements and modelling techniques used to meet these requirements.
- Analyse in-depth actuarial problems facing the general insurance industry and recommend solutions to these problems.
Indicative Assessment
- Typical assessment may include, but is not restricted to: exams, assignments, quizzes, projects and other assessment as appropriate. (100) [LO 1,2,3,4,5]
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Workload
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.
Requisite and Incompatibility
Prescribed Texts
Information about the prescribed textbook will be available via the class summary.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 1
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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 |
|---|---|
| 2025 | $4680 |
- International fee paying students
| Year | Fee |
|---|---|
| 2025 | $6720 |
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 |
|---|---|---|---|---|---|---|
| 4097 | 17 Feb 2025 | 24 Feb 2025 | 31 Mar 2025 | 23 May 2025 | In Person | View |