ETC5353 · Monash University
Life insurance mathematics
- Credit points
- 6
- Level
- 5
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
This unit covers: valuation of cash flows contingent on death or survival using mortality tables, insurance policies with constant or variable benefit, and with-profits contracts. Also covered are pricing assessments and reserving calculations for various insurance and pension products, involving one or two lives, and subject to multiple competing risks (e.g. withdrawal, sickness). Practical issues such as guarantees and options, as well as the effects of the pricing and reserving basis on the emergence of profit, will also be addressed.
Assessment
| Task | Type | Weight |
|---|---|---|
| 2 - Project | Project | 20% |
| 3 - Examination | Examination | 60% |
| 1 - Quiz / Test | Quiz / Test | 20% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On-campus |