ACST832 - Actuarial Control Cycle 2 - Unit Guide - 2016 S2 External

Sep 27, 2026

Uploaded by noah

ACST832 Actuarial Control Cycle 2 unit guide for Macquarie University (2016 S2 External) outlines the unit’s purpose and learning outcomes in actuarial control across life insurance, general insurance, and superannuation. It explains how students will discuss and apply an Actuarial Control Cycle, use a risk assessment framework, value liabilities, measure and report profits/costs, and monitor solvency and business experience responsiveness. The guide also provides general assessment rules and task weightings including coursework, discussion board contribution, report, major assignment, and a final examination.

LanguageEnglish

CategoryExam

FormatPDF

Pages14

Reading Time35 min

AccessFree to download

General Information

Learning Outcomes

General Assessment Information

Assessment Tasks

Delivery and Resources

Unit Schedule

Policies and Procedures

Graduate Capabilities

Changes from Previous Offering

Research

ACST832 Actuarial Control Cycle 2 S2 External 2016 Dept of Applied Finance and Actuarial Studies Contents General Information 2 Learning Outcomes 3 General Assessment Information 3 Assessment Tasks 4 Delivery and Resources 8 Unit Schedule 9 Policies and Procedures 10 Graduate Capabilities 11 Changes from Previous Offering 13 Research 13 Disclaimer Macquarie University has taken all reasonable measures to ensure the information in this publication is accurate and up-to-date. However, the information may change or become out-dated as a result of change in University policies, procedures or rules. The University reserves the right to make changes to any information in this publication without notice. Users of this publication are advised to check the website version of this publication [or the relevant faculty or department] before acting on any information in this publication. [https://unitguides.mq.edu.au/unit_offerings/68412/unit_guide/print](https://unitguides.mq.edu.au/unit_offerings/68412/unit_guide/print) 1 Unit guide ACST832 Actuarial Control Cycle 2 General Information | Unit convenor and teaching staff Unit Convenor
Shauna Ferris
[shauna.ferris@mq.edu.au](shauna.ferris@mq.edu.au)
[Contact via shauna.ferris@mq.edu.au](Contact via shauna.ferris@mq.edu.au)e4a 617
by appointment-send an email to Shauna to arrange a meeting
Lecturer
Peter Carroll
[peter.carroll@mq.edu.au](peter.carroll@mq.edu.au)
Contact via [peter.carroll@mq.edu.au](peter.carroll@mq.edu.au)
Lecturer
Bruce Edwards
[bruce.edwards@mq.edu.au](bruce.edwards@mq.edu.au)
Contact via [bruce.edwards@mq.edu.au](bruce.edwards@mq.edu.au)
Administrator Hong Xie
please contact via iLearn messages
Hong Xie
[hong.xie@mq.edu.au](hong.xie@mq.edu.au) | | --- | | Credit points 4 | | Prerequisites ACST831 | | Corequisites | | Co-badged status | [https://unitguides.mq.edu.au/unit_offerings/68412/unit_guide/print](https://unitguides.mq.edu.au/unit_offerings/68412/unit_guide/print) 2 Unit guide ACST832 Actuarial Control Cycle 2 Unit description This unit, in conjunction with ACST831, develops and applies the actuarial principles and practices underlying the design, assessment, management and control of financial systems in the areas of life insurance, general insurance, and superannuation, as well as other less traditional areas of actuarial practice. The two units consider the process of actuarial and financial management including: product design, pricing, marketing, monitoring of experience, reserving, financing, solvency, surplus, and enterprise risk management. The commercial environment and professionalism are discussed. Students gaining a credit or higher in this unit will satisfy part of the requirements for exemption from Part IIA of the professional exams of the Institute of Actuaries of Australia. Important Academic Dates Information about important academic dates including deadlines for withdrawing from units are available at [https://www.mq.edu.au/study/calendar-of-dates](https://www.mq.edu.au/study/calendar-of-dates) Learning Outcomes On successful completion of this unit, you will be able to: Discuss and apply an Actuarial Control Cycle in a variety of practical commercial situations Apply a Risk Assessment Framework to identify and assess the risks in a range of commercial situations Apply relevant approaches and techniques to the valuation of liabilities Measure and report emerging profits and/or costs Measure, report, and manage Solvency Monitor and Assess Experience; understand how the management of the business should be responsive to the experience General Assessment Information It is the responsibility of students to view their marks for each within session assessment oniLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received

FAQs

What topics does ACST832 cover in relation to an actuarial control cycle?

The unit develops and applies actuarial principles underlying design, assessment, management, and control of financial systems for life insurance, general insurance, and superannuation. It also covers product design, pricing, marketing, monitoring experience, reserving, financing, solvency, surplus, and enterprise risk management.

What learning outcomes are targeted for students who complete this unit?

Students can discuss and apply an Actuarial Control Cycle in practical commercial situations, apply a risk assessment framework, value liabilities, measure and report emerging profits or costs, and measure, report, and manage solvency. They also learn to monitor and assess experience and respond to business performance.

How is assessment structured and weighted in ACST832?

Assessment includes assessed coursework (5%), discussion board contribution (5%), a report (5%), a major assignment (15%), and a final examination (70%). Due dates and submission expectations are specified in the unit guide, with marks to be viewed within 20 working days of posting.

Sep 27, 2026

Uploaded by noah