STAT40090 Asset Liability Management for Actuaries

Academic Year 2009/2010

This module covers part of the syllabus for the professional examination, Core Applications (CA12), of the Faculaty and Institute of Actuaries (UK), treating, in particular, those parts relating to risk management in products and schemes. Topics treated include: the actuarial profession; the actuarial control cycle; stakeholders in financial institutions and their perspectives; financial products - design, pricing, and managing; investing accumulated funds; valuation techniques - assumption setting and monitoring the experience; actuarial modelling; management of risk, assets, capital, and surplus in financial institutions; reinsurance products.

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Curricular information is subject to change

Learning Outcomes:

The student will be able to describe the role of actuaries in managing risk in life assurance, general insurance, pension schemes, and other financial companies. They will be able to apply, in broad terms, the technical skills of an actuary within the actuarial control cycle to problems in product design and the management schemes. In particular, the student will be able to assess, quantify, monitor and advise on the management of inherent risks.

Student Effort Hours: 
Student Effort Type Hours
Lectures

48

Autonomous Student Learning

200

Total

248

 
Requirements, Exclusions and Recommendations
Learning Requirements:

A basic knowledge of actuarial science and the pricing of products offered by life assurance companies and pension funds.



 
Description % of Final Grade Timing
Examination: Final Examination

100

3 hour End of Trimester Exam

Compensation

This module is passable by compensation