Week 8
Overview #
This week, we will cover the following topics:
- Actuarial Practice:
- Life Insurance
- Wealth Management
- Actuarial Techniques:
- None
There will also be the
mid-semester exam on Monday 13 September 2021 at 2.15pm
.
If you wish to watch the embedded videos from Lecture Capture, you need to have logged in and entered Lecture Capture via Canvas once for each session. This is to restrict access to students enrolled at the University of Melbourne only.
See also detailed learning outcomes for this week.
Main references and lectures #
Actuarial Practice #
Life Insurance and Wealth Management #
Read:
Life Insurance and Wealth Management
Annotate:
slides
Watch Wednesday’s live lecture:
annotated slides
If you wish to watch the embedded videos from Lecture Capture, you need to have logged in and entered Lecture Capture via Canvas once for each session. This is to restrict access to students enrolled at the University of Melbourne only.
..and its complement (I did not want to rush through the materials):
If you wish to watch the embedded videos from Lecture Capture, you need to have logged in and entered Lecture Capture via Canvas once for each session. This is to restrict access to students enrolled at the University of Melbourne only.
Actuarial Techniques #
n/a
Additional preparation and resources #
Mandatory #
-
Video on the concept of actuarial reserve
-
Interview of Edward Tam
-
Actuary Magazine: Game on: Utilizing games to better understand policyholders in the life insurance realm (p. 32-38)
-
AD: "Thinking about life insurance through a genetic lens
Optional #
- n/a
Tutorials #
The document will all questions and solutions is available here:
Tutorial set
.
Note that solutions will be gradually added to that same document. Hence it is not recommended to print it, as it will regularly change (typos will also dynamically be corrected).
This week #
This week, tutorials will focus on mortality characteristics, fertility and projections (
week 7 materials
).
Note that due to the COVID-19 restrictions in Victoria, all tutorials will be on Zoom; follow the links under
Zoom
on Canvas.
Here is the recording available for Week 8:
If you wish to watch the embedded videos from Lecture Capture, you need to have logged in and entered Lecture Capture via Canvas once for each session. This is to restrict access to students enrolled at the University of Melbourne only.
Next week (week 9) #
Next week, we will discuss the week 8 set of “tutorial questions” (chapter 9). Solutions will be made available at the end of the week (9).
Later (week 10+) #
After next week (week 10+), you should do the “review questions” for week 8. Solutions will be available at the end of week 10.
Additional questions #
The “additional questions” are here for reinforcement or revision, but are not the main focus of the tutorials. Solutions for those exercises are already available.
Preparation for assessment #
Participation and Yellowdig (10%) #
- Connect to Yellowdig, ask questions, help others
Mid-semester (10%) and final (70%) exams #
- Attend the
mid-semester exam
! - Finalise your own summary for week 6’s technical topics (if not done already for the mid-semester exam)
- Draft your own summary for week 7’s technical topics
Assignment (10%) #
- Review the
assignment details
when they become available.