Introduction to Actuarial Research - MACT9230

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Module delivery information

This module is not currently running in 2024 to 2025.

Overview

Scientific word-processing and computing: Students are introduced to, and gain experience of, the main computing utilities currently used in the School and across campus which are relevant to the module. Scientific word-processing will be taught using LaTex. Students will also be introduced to the statistical software R, and refresh their knowledge of statistical methods relevant to actuarial research.
Topics in advanced topical actuarial research: Students will be introduced to areas of actuarial research which are topical and are of interest to the actuarial profession. This may include, but is not limited to, advanced topics on financial risk management, mortality models and adverse selection.

Details

Contact hours

Total contact hours: 26
Private study hours 124
Total study hours: 150

Method of assessment

100% Coursework

Indicative reading

Thomas, R.G. (2017) Loss Coverage: Why Insurance Works Better with Some Adverse Selection. Cambridge University Press.

Sweeting, P. (2011). Financial Enterprise Risk Management. Cambridge University Press.

Cairns, A.J.G., Blake, D., Dowd, K., Coughlan, G.D., Epstein, D., Ong, A., and Balevich, I. (2009) A quantitative comparison of stochastic mortality models using data from England and Wales and the United States. North American Actuarial Journal 13(1): 1-35.

Porteous, B. and Tapadar, P. (2005). Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates. Palgrave Macmillan.

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes. On successfully completing the module students will be able to:
1. produce technical and scientific documentation and present reports on actuarial analysis using LaTex;
2. demonstrate skills in relevant computing utilities and the statistical package R;
3. select suitable techniques to analyse data, evaluate and develop models, and interpret the results appropriately;
4. demonstrate comprehensive knowledge and understanding of topical research areas in actuarial science which are not covered in detail in taught modules;
5. apply a range of mathematical, statistical and actuarial concepts and techniques in a particular topical area of actuarial research;

Notes

  1. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  2. The named convenor is the convenor for the current academic session.
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