MPM741 - Personal Injury Scheme Evaluation
Trimester 1: Cloud (online), Residential
|Unit chair:||E Underhill|
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.
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.
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%