• Total units 24 Units
  • Areas of interest Actuarial Studies
  • Specialisation code ASTA-SPEC
  • Academic career Postgraduate
  • Academic Contact Dr Gen Nowak
Actuarial Statistics Specialisation

The Actuarial Statistics specialisation is designed for students who wish to:

  • Develop a greater understanding of statistical principles and their application in actuarial science;
  • Gain Foundation Program exemptions through the Actuaries Institute;
  • Improve analytical skills for interpreting and analysing actuarial and statistical information;
  • Gain greater insight into the Australian and international financial markets;
  • Increase management skills for dealing with organisations, teams and policy issues; and,
  • Expand their applied knowledge in various specialised areas of actuarial studies and statistics.

Learning Outcomes

  1. Recognise the important role of statistical principles and their application in actuarial science;

  2. Demonstrate the necessary analytical skills for interpreting and analysing actuarial and statistical information;

  3. Critically engage with and evaluate actuarial and statistical problems.

Other Information

This specialisation is incompatible with the Actuarial Studies specialisation.

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Requirements

This specialisation requires the completion of 24 units, which must consist of:


A minimum of 12 units from the completion of the following:

STAT6013 Principles of Mathematical Statistics for Actuarial Studies

STAT6014 Regression Modelling for Actuarial Studies

STAT6043 Life Contingencies

STAT6045 Actuarial Techniques

STAT6046 Financial Mathematics

STAT7004 Introduction to Stochastic Processes

STAT7042 Survival Models

STAT8057 Risk Modelling 1

STAT8058 Risk Modelling 2


A maximum of 12 units from the completion of the following:

BUSN7008 Financial Statements and Reporting

ECON8069 Business Economics

FINM7003 Continuous Time Finance

FINM7006 Applied Foundations of Finance

FINM7007 Applied Corporate Finance

FINM7008 Applied Investments

FINM7041 Applied Derivatives

24 units from completion of the following course(s):

Code Title Units
FINM7003 Continuous Time Finance 6
FINM7008 Applied Investments 6
FINM7041 Applied Derivatives 6
STAT6039 Principles of Mathematical Statistics 6
STAT6043 Life Contingencies 6
STAT6045 Actuarial Techniques 6
STAT6046 Financial Mathematics 6
STAT7042 Survival Models 6
STAT7018 Stochastic Modelling 6
STAT8035 Risk Theory 6
STAT8036 Credibility Theory 6
MATH1113 Mathematical Foundations for Actuarial Studies 6
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