2009 Course Handbook
ACST355: Contingent Payments 2
Multiple decrement and multiple state models are considered and the valuation of benefits and contributions under superannuation plans is examined. Techniques for the valuation of annuity and assurance products involving two lives are developed. Expected cash flow models and profit test models are developed for life insurance products including traditional products and unbundled unit linked contracts. The concepts of pricing and reserving for future contingent liabilities, and the effect of the pricing and reserving basis on the emergence of profit are considered.
| Credit Points: | 3 |
| Contact Hours: | 4 |
| When Offered: | D2 - Day; Offered in the second half-year |
| Staff Contact: | Actuarial staff |
| Prerequisites: | ACST344(P) or ACST354(P) |
| Corequisites: | |
| NCCWs: | ACST232, ACST345 |
| Unit Designations: |
Commerce; Economics
Science |
| Assessed As: | Graded |
| Offered By: |
Department of Actuarial Studies |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website.