Short Project (Actuarial Research) - MACT9240

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Spring Term 7 15 (7.5) Pradip Tapadar checkmark-circle


Students, either individually or as part of a group, will be assigned a project on an area of actuarial research. For each project, the students will be required to process and analyse information, form conclusions, and produce an individual written report in LaTex that contains a review of existing literature on the particular topic, and to produce a piece of work in the assigned area of research and a coherent account thereof in LaTex, either as an individual or as part of a group.


Contact hours

Meeting with project supervisor: 6 hours
Independent learning hours: 144 hours
Total study hours: 150 hours

Method of assessment

70% project, 30% coursework

Indicative reading

Porteous, B. and Tapadar, P. (2005). Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates. Palgrave Macmillan.
Sweeting, P. (2017). Financial Enterprise Risk Management (2nd Ed). Cambridge University Press.
Thomas, R.G. (2017) Loss Coverage: Why Insurance Works Better with Some Adverse Selection. 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.

Learning outcomes

The intended subject specific learning outcomes. On successfully completing the module students will be able to:
1. produce a research report using LaTex;
2. produce research that demonstrates high level skills in relevant computing utilities and the statistical package R;
3. produce research that demonstrates the ability to analyse data, evaluate and develop models, and interpret the results appropriately; and
4. produce research that demonstrates the ability to apply appropriate mathematical, statistical and actuarial concepts and techniques in a particular topical area of actuarial

The intended generic learning outcomes. On successfully completing the module students will be able to:
1. demonstrate self-direction and originality in tackling and solving problems, and act autonomously in planning and implementing analysis of unfamiliar material at a
professional level
2. demonstrate relevant computing skills at a high level, including use of appropriate document preparation and word-processing packages;
3. demonstrate the ability to communicate conclusions clearly to an appropriate audience;
4. demonstrate a capability for independent research and problem-solving skills;
5. demonstrate intellectual independence through the exercise of initiative and personal responsibility, and an ability for independent learning and time management
required for continuing professional development;
6. demonstrate an ability to select material from source texts, either recommended to or found by the student, and show critical awareness of the relationship of the material
to background and to more advanced material, and show an ability to synthesise information and incorporate ideas in support of an academic argument.


  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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