The University of Southampton
Courses

MATH6132 MSc Actuarial Science Project

Module Overview

Actuarial Science Project gives MSc Actuarial Science students the opportunity to conduct and gain experience of an in-depth open-ended actuarial investigation proposed by the student. The main purpose is to develop students’ skills in: identifying, organising, and directing their own work; accessing and using relevant resources, such as library and software resources; applying their actuarial, statistical, and financial knowledge and understanding in an actuarial context; and communicating their work, by writing a comprehensive dissertation on the investigation and its outcomes. Actuarial Science Project is a primary means by which MSc Actuarial Science students demonstrate their capacity for independent learning. The availability of this module is conditional on the suitability and feasibility of the investigation formally proposed by the student, and the availability of suitable supervision resource. Students will normally undertake Actuarial Science Project over a thirteen-week period in the summer (typically, mid-june until mid-September). The supervisor will meet regularly (usually weekly) with the student, to answer questions and provide limited advice and support. Assessment will be by means of an Actuarial Science Project dissertation, of 50-60 pages in length, to be submitted at the end of the thirteen-week period. A student considering this module must discuss it with the MATH6132 module lead in advance, no later than the beginning of semester 2, and obtain their prior approval for the investigation proposed.

Aims and Objectives

Module Aims

To enable you to conduct and gain experience of an in-depth open-ended actuarial investigation.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • The theoretical concepts, methods, and techniques of actuarial science, and their application, including actuarial, statistical, and financial modelling, where appropriate, in an actuarial context.
  • Actuarial investigation planning, information retrieval, data collection, analysis, reporting and communication in an actuarial context.
  • Logically analyse and critically evaluate the appropriateness and applicability of the concepts, methods, and techniques of actuarial science.
  • Structure and analyse actuarial problems, and construct, analyse, and interpret appropriate actuarial, statistical, and financial models, where appropriate, in an actuarial context.
  • Logically discuss and communicate actuarial concepts and analyses, both orally and in written form; plan and analyse an actuarial investigation.
  • Personal organisation and time management; problem solving, logical argument, deductive reasoning and analysis, abstraction and generalization; locating, retrieving, synthesising, and using information, particularly through use of the library and the web; written and oral communication; independent learning.

Syllabus

• Conduct and gain experience of an in-depth open-ended investigation in actuarial science or related areas, under appropriate supervision. • Communicate the work undertaken by writing a comprehensive dissertation on the investigation and its outcomes.

Learning and Teaching

Teaching and learning methods

The undertaking of an in-depth open-ended actuarial investigation, by independent learning, under appropriate supervision. The availability of this module is conditional on the suitability and feasibility of the investigation formally proposed by the student, and the availability of suitable supervision resource. Students will normally undertake Actuarial Science Project over a thirteen-week period in the summer (typically, mid-june until mid-September). The supervisor will meet regularly (usually weekly) with the student, to answer questions and provide limited advice and support. Assessment will be by means of an Actuarial Science Project dissertation, of 50-60 pages in length, to be submitted at the end of the thirteen-week period. A student considering this module must discuss it with the MATH6132 module lead in advance, no later than the beginning of semester 2, and obtain their prior approval for the investigation proposed.

TypeHours
Independent Study588
Project supervision12
Total study time600

Resources & Reading list

There will be specific resources for each specific project topic as directed by the supervisor.. 

Assessment

Summative

MethodPercentage contribution
Dissertation 100%

Referral

MethodPercentage contribution
Dissertation 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Printing and Photocopying Costs

Two bound printed copies of each dissertation must be submitted, in addition to submission online. A list of the University printing costs can be found here: https://www.southampton.ac.uk/isolutions/services/copying_for_students_and_visitors/faq.php#594

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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