You are viewing this page as a domestic student.
Change to International

You are a domestic student if you are an Australian citizen, a New Zealand citizen or the holder of an Australian permanent visa.

You are an international student whether you are within or outside Australia and you do not meet the domestic student criteria.

ACSC71-400: Actuarial Control Cycle 1

Description

The aim of the Actuarial Control Cycle 1 and 2 is to provide students with an understanding of how the underlying actuarial principles can be applied to a range of real-world problems and issues in commercial and business environments. Applications will include various insurance practice areas and wider fields. Examples will be drawn from traditional and non-traditional areas to illustrate and establish the underlying actuarial principles in a problem-based learning approach, using case studies and business-based examples to cover contemporary issues.  This subject, Actuarial Control Cycle 1, introduces the concept of the Actuarial Control Cycle and uses it as a framework to analyse the impact of issues such as legislative changes and technological changes on the firm.

Subject details

TypePostgraduate
CodeACSC71-400
EFTSL0.125
FacultyBond Business School
Semesters offered
  • January 2019 [Standard Offering]
  • May 2019 [Standard Offering]
  • January 2020 [Standard Offering]
  • May 2020 [Standard Offering]
Credit10
Study areas
  • Actuarial Science
Subject fees
  • Commencing in 2018: $4,718
  • Commencing in 2019: $4,890

Learning outcomes

1. Apply the Actuarial Control Cycle in a variety of practical commercial situations, including but not limited to insurance.
2. Analyse the major elements of the external environment (e.g., physical, political, legislative, social, economic, demographic and technological) in making medium- and long-term business decisions.
3. Critically evaluate the positive and negative impacts of regulations and government policies on commercial decisions.
4. Identify the principles of professionalism, recognise the issue of conflict of interests, and the code of professional conduct expected of actuaries.
5. Identify key features of the financial services market, including risks, distribution channels of various financial products and customer needs.
6. Explain the role of enterprise risk management in a company.
7. Apply a risk assessment framework to identify, assess, evaluate and design a risk management plan for commercial situations.

Enrolment requirements

Requisites: ?

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Restrictions: ?

Must be admitted into Actuarial Science Honours or Actuarial Practice Programs.

This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.

Subject outlines

Subject dates

Standard Offering
Enrolment opens12/11/2017
Semester start15/01/2018
Subject start15/01/2018
Cancellation 1?29/01/2018
Cancellation 2?05/02/2018
Last enrolment28/01/2018
Last withdrawal?09/02/2018
Teaching census?09/02/2018
Standard Offering
Enrolment opens18/03/2018
Semester start14/05/2018
Subject start14/05/2018
Cancellation 1?28/05/2018
Cancellation 2?04/06/2018
Last enrolment27/05/2018
Last withdrawal?08/06/2018
Teaching census?08/06/2018
Standard Offering
Enrolment opens11/11/2018
Semester start14/01/2019
Subject start14/01/2019
Cancellation 1?28/01/2019
Cancellation 2?04/02/2019
Last enrolment27/01/2019
Last withdrawal?08/02/2019
Teaching census?08/02/2019