| Offered By: |
School of Finance and Applied Statistics |
| Academic Career: |
Undergraduate |
| Course Subject: |
Statistics |
| Offered in: |
Second Semester, 2010 |
| Unit Value: |
6 units |
| Course Description: |
This course covers the development of cash flow projection models for the purpose of reserving, pricing and profit-testing life insurance contracts. Profit vectors, profit signatures, and measures of profitability in the context of life insurance will be introduced. Basic models will be extended to deal with competing risks, multiple decrement tables, and the relationship between independent and dependent rates. Techniques to value defined benefit superannuation liabilities will be covered in theory and practice. |
| Learning Outcomes: |
On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description. |
| Indicative Assessment: |
Mid-Semester Examination 30% |
| Workload: |
Two to three lectures and one tutorial per week plus private study time. |
| Areas of Interest: |
Actuarial Studies and Statistics |
| Requisite Statement: |
STAT2001 Introductory Mathematical Statistics and STAT2032 Financial Mathematics |
| Prescribed Texts: |
For further information please refer to the Course Website |
| Preliminary Reading: |
For further information please refer to the Course Website |
| Indicative Reading List: |
For further information please refer to the Course Website |
| Other Information: |
For further information please refer to the Course Website |
| Academic Contact: |
See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3038 |
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