The aim of this subject is to provide a grounding in the principles of modelling as applied to actuarial work – focusing particularly on stochastic asset liability models and the valuation of financial derivatives. These skills are also required to communicate with other financial professionals and to critically evaluate modern financial theories.
|Faculty||Bond Business School|
1. Apply modern asset and derivatives pricing theory to implement valuation methodology to insurance and finance applications
2. Construct stochastic models of financial securities and other asset pricing situations
3. Explain stochastic interest rate modelling concept and the practically used term structures modelling of interest rates
4. Describe simple models for credit risk assessment
5. Apply ruin theory to liability valuation in insurance contexts
6. Demonstrate run-off techniques in general insurance reserving applications
7. Use asset liability valuation methodologies in Excel/VBA to various insurance and finance applications.
There are no co-requisites.
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.
Possess demonstratable knowledge of mathematical statistics and the mathematics of finance to the level of a unit such as ACSC12-200 Mathematical Statistics.
|Withdraw – Financial?||10/10/2020|
|Withdraw – Academic?||31/10/2020|
|Withdraw – Financial?||13/02/2021|
|Withdraw – Academic?||06/03/2021|