Life Contingencies

UNSW Sydney

Course Description

  • Course Name

    Life Contingencies

  • Host University

    UNSW Sydney

  • Location

    Sydney, Australia

  • Area of Study

    Business, Business Administration, Business Management, Management Science, Mathematics, Statistics

  • Language Level

    Taught In English

  • Prerequisites

    ACTL2111 and ACTL2102

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    This course covers the techniques for deriving the value for pricing and reserving purposes of life insurance risks, including an appreciation of the analysis of change on the examination of the assumptions. Students will use spreadsheets to perform computations and be given exercises that require participation in teams. The course also covers contemporary management issues in life insurance including longevity, premium rating, selection and capital management. This course will cover the requirements for the Actuaries Institute CT5 course and students gaining at least a credit assessment will be recommended for exemption from the CT5 course.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.