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Actuarial Modelling - ACST819 - 2019 Course Handbook - Macquarie University

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Actuarial Modelling - ACST819

Survival models will be used to estimate decrement rates from actual experience, compare these with standard rates, and prepare new tables. In constructing new tables, consideration will be given to risk factors; selection; data collection; graduation; and testing the graduation. The concept of actuarial modelling will be discussed. The 'actuarial control cycle', a conceptual framework of the processes for developing and managing financial enterprises and products, will be introduced. Students gaining a grade of credit or higher in this unit and ACST818 may apply for exemption from subject CT4 of the professional exams of the Institute of Actuaries of Australia.

Credit Points: 4
When Offered:

S2 Day - Session 2, North Ryde, Day

Staff Contact(s): Actuarial staff
Prerequisites:

STAT806 or STAT810 Prerequisite Information

Corequisites:

NCCW(s): ACST886
Unit Designation(s):

Commerce

Economics

Science

Assessed As: Graded
Offered By:

Department of Actuarial Studies and Business Analytics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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