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STAT41000

Academic Year 2021/2022

Core Actuarial Principles 1 (STAT41000)

Subject:
Statistics & Actuarial Science
College:
Science
School:
Mathematics & Statistics
Level:
4 (Masters)
Credits:
5
Module Coordinator:
Mr Andrew Smith
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Autumn
Mode of Delivery:
On Campus
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Curricular information is subject to change.

Invalid Option The module addresses the following sections of the actuarial syllabus for subject CP1 (actuarial practice).
§14 Understanding of principal terms
§11.7 Provisioning
§10.2 Data
§11.1 Modelling
§11.2 Assumption setting
§5 Risk identification and classification
§4 Risk governance
§6 Risk measurement and monitoring
§8 Capital management and monitoring

About this Module

Learning Outcomes:

Students are able to perform calculations involving provisions and capital requirements in insurance, banking and pensions. They are able to discuss data handling, statistical assumption setting and governance. They can describe the role of actuarial techniques in the measurement and monitoring of provisions and risks.

Student Effort Hours:
Student Effort Type Hours
Lectures

18

Tutorial

24

Autonomous Student Learning

72

Total

114


Approaches to Teaching and Learning:
Lectures, tutorials, enquiry and problem-based learning

Requirements, Exclusions and Recommendations
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Module Requisites and Incompatibles
Not applicable to this module.
 

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Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Examination: 2 hour End of Trimester Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No
100
No

Carry forward of passed components Invalid Option
No
 

Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Feedback on problems solved in groups throughout the semester

Name Role
Dr Nuria Garcia Ordiales Tutor