General Insurance Techniques - ACTL3162

Faculty: UNSW Business School

School: School of Risk and Actuarial Studies

Course Outline: ACTL3162 Course Outline

Campus: Sydney

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 4

Enrolment Requirements:

Prerequisite: ACTL2102 or (MATH2901 and in any of the following plans MATHR13986 or MATHR13523 or MATHR13564 or MATHR13956 or MATHR13589 or MATHR13761 or MATHR13946 or MATHR13949 or MATHR13998)

Equivalent: ACTL5106

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.


This course covers the actuarial mathematics, statistics and models used in non-life insurance actuarial practice. Topics covered include: basic concepts of decision theory and Bayesian statistics; loss distributions and reinsurance, risk models including compound Poisson; estimation of aggregate claims distribution; probability of ruin; premium rating and credibility; experience rating systems; claims reserving for loss run-off data and generalised linear models. Students will apply these techniques with respect to principles of effective general insurance management. This course will cover the requirements for the Actuaries Institute CT6 course and students gaining at least a credit assessment will be recommended for exemption from the CT6 course.

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