Survival Analysis - MACT8250

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Autumn Term 7 15 (7.5) Peter McQuire checkmark-circle

Overview

The aim of this module is to provide a grounding in mathematical and statistical modelling techniques that are of particular relevance to survival analysis and their application to actuarial work.
Calculations in life assurance, pensions and health insurance require reliable estimates of transition intensities/survival rates. This module covers the estimation of these intensities and the graduation of these estimates so they can be used reliably by insurance companies and pension schemes. The syllabus also includes the study of various other survival models, and an introduction to machine learning. This module will cover a number of syllabus items set out in Subject CS2 – Actuarial Mathematics published by the Institute and Faculty of Actuaries.

Details

Contact hours

Total contact hours: 42
Private study hours: 108
Total study hours: 150

Method of assessment

60% Examination, 40% Coursework

Indicative reading

Study notes published by the Actuarial Education Company for Subject CT4
Modelling Mortality with Actuarial Applications, MacDonald, Richards, Currie (2018)

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. describe, interpret and discuss key aspects of survival models;
2. demonstrate the capability to deploy established approaches accurately to analyse and solve problems using a reasonable level of skill in calculation and manipulation of survival models;
3. demonstrate an appreciation of recent developments in survival models and the links between the theory of survival models and their practical application in well-defined contexts.

Notes

  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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