Actuarial Practice and Control III

This subject has the following teaching availabilities in 2016:

170 hours

All of the following:

The following:

Students cannot gain credit for both ACTL40009 Actuarial Practice and Control III and ACTL90009 Actuarial Practice and Control

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

This subject covers analysis of investment portfolios and asset classes from the perspective of an appointed actuary, with a view to identifying assets that suit the requirements of a variety of general insurance, life insurance, superannuation and other defined benefit liabilities.

• Appraise the investment requirements of a variety of types of insurance companies, superannuation funds and similar institutional investors.
• Explain these requirements in terms of realistic and achievable objectives.
• Analyse the characteristics of different asset classes in sufficient depth to establish a suitable strategy for achieving these objectives, using stochastic asset models and other techniques, as appropriate.
• Monitor investment portfolios, and their performance, in relation to stated objectives and the liabilities against which they are held.

A 3-hour end-of-semester examination (80%) and one assignment or essay, totalling not more than 2000 words due week 10 (20%)

None.

This subject is not available as a breadth subject.

High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources.