Macquarie University

Actuarial Control Cycle 1 - ACST731

This unit, in conjunction with ACST732, will focus on special topics on developing and applying the actuarial principles and practices underlying the design, assessment, management and control of financial systems in life and general insurance, superannuation, and other areas of actuarial practice. The two units consider the process of actuarial and financial management including: product design, pricing, marketing, monitoring of experience, reserving, financing, solvency, surplus, and enterprise risk management. The commercial environment and professionalism are discussed. Students gaining a credit or higher in this unit will satisfy part of the requirements for exemption from Part IIA of the professional exams of the Institute of Actuaries of Australia.



A solid understanding of the development and application of actuarial principles and practices is a requirement for any advanced study in the actuarial studies area. This unit provides students with essential understanding of the actuarial principles and practices that develop the concepts and skills necessary for advanced research in actuarial studies.