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STAT41000

Academic Year 2024/2025

Core Actuarial Principles 1 (STAT41000)

Subject:
Statistics & Actuarial Science
College:
Science
School:
Mathematics & Statistics
Level:
4 (Masters)
Credits:
5
Module Coordinator:
Mr Andrew Smith
Trimester:
Autumn
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

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

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Exam (In-person): Two hour in-person exam at an exam centre End of trimester
Duration:
2 hr(s)
 Standard conversion grade scale 40% No
100
 No

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

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Autumn Lecture Offering 1 Week(s) - Autumn: All Weeks Fri 10:00 - 11:50
Autumn Lecture Offering 1 Week(s) - Autumn: All Weeks Mon 11:00 - 12:50
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