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 2, is the sequel to Actuarial Control Cycle 1. The focus is on advanced applications of the Actuarial Control Cycle framework to a broad array of business issues.
|Faculty||Bond Business School|
1. Apply appropriate tools to measure and manage capital.
2. Apply relevant approaches and techniques to the valuation of liabilities.
3. Demonstrate advanced application of knowledge to determine appropriate pricing of insurance and related products.
4. Demonstrate the knowledge and ability to measure, report and maintain solvency.
5. Calculate the emergence of profits under various valuation bases.
6. Demonstrate advanced knowledge and analytical skills to apply and complete the actuarial control cycle feedback process.
7. Demonstrate the ability to perform in a manner consist with the code of professional conduct expected of actuaries.
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):
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.