STAT41000 Core Actuarial Principles 1

Academic Year 2022/2023

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

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Curricular information is subject to change

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

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: 2 hour End of Trimester Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

100

Carry forward of passed components
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