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ACST359: Actuarial Modelling
Students will use survival models to estimate decrement rates from actual experience, compare these with the rates in standard tables, and prepare new standard tables. As part of the construction of new tables, consideration will be given to risk factors and the effects of selection; design of data collection; statistical analysis and graduation of the observed rates; and testing of the graduation. The unit concludes with a review of actuarial concepts covered in the three-year undergraduate actuarial program and an introduction to the "actuarial control cycle", a conceptual framework of the processes for developing and managing financial enterprises and products.
| Credit Points: | 3 |
| Contact Hours: | 4 |
| When Offered: | D2 - Day; Offered in the second half-year |
| Staff Contact(s): | Actuarial staff |
| Prerequisites: | |
| Corequisites: | |
| NCCW(s): | |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Applied Finance and Actuarial Studies |
Timetable Information
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