The course covers modern approaches to actuarial practice in general insurance, with a focus on developing a depth of practical knowledge of the industry. It examines general insurance products and markets, along with methods for pricing, valuation, and solvency management, incorporating the use of data analytics. 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.
- Utilise data analytics techniques to general insurance pricing.
- Explain general insurance valuation techniques for the estimation of liabilities.
- Critically analyse capital and solvency requirements and the modelling techniques used to meet these requirements.
- Evaluate the use of AI in general insurance product management.
- 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 1,2,3,4,5,6]
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Workload
Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time.
Inherent Requirements
There are no inherent requirements.
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.
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 |
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.