MATH3009

MATH3009: Contingencies 1

Science and Engineering

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About this Unit

This unit covers the pricing and valuation (reserving) of insurance contracts for a single life contract assuming a constant deterministic interest rate. Practical knowledge is presented alongside mathematical techniques relevant to actuarial practice in life insurance and, by extension, related fields such as superannuation (pensions). Practical, hands-on modelling experience is developed through the use of Excel spreadsheets (students are assumed to have basic Excel skills prior to commencement of this unit).

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Unit Details

Credits25

Contact Hours4 Weekly

Result TypeGrade/Mark

AreaSchool of Electrical Engineering, Computing and Mathematical Sciences (EECMS) (1153)

Field of Education010101 Mathematics

Handbook View Official Handbook Page →

Tuition Pattern

Lecture1 x 2 hours weekly
Tutorial1 x 1 hour weekly
Workshop1 x 1 hour weekly

Prerequisites

PrerequisitesSelect One

MATH2004v1Theory of Interest

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