Unit details

MPM741 - Personal Injury Scheme Evaluation

Enrolment modes:

Trimester 1: Cloud (online), Residential

Credit point(s):1
EFTSL value:0.125
Unit chair:E Underhill
Prerequisite:Nil
Corequisite:MPM742
Incompatible with: Nil

Note:

You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.

Content

This unit provides an introduction to the uses of actuarial information in the insurance industry and the kinds of information obtainable through actuarial processes.  In studying this unit, students will develop an understanding of how scheme economics can be used in strategic planning and decision-making relating to long-tail schemes.  Claims forecasting, optimal settlement, loss reserving, and the effects of asymmetric information will also be considered in the context of scheme assessment and evaluation.

Assessment

Test (Multiple Choice) 20%, Assignment (Contribution to online discussion) 10%, Written Assignment (Group/up to 5 students) 6000 words 50%, Presentation of Group Assignment 20%

Unit Fee Information

Student Contribution Rate*Student Contribution Rate**Fee rate - Domestic Students Fee rate - International students
$1260$1260$2875$3589

* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.


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