Actuarial Science Case Study 1

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

• 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.
• Logically analyse and critically evaluate the appropriateness and applicability of the concepts, methods, and techniques of actuarial science.
• Actuarial investigation planning, information retrieval, data collection, analysis, reporting and communication in an actuarial context.
• Structure and analyse actuarial problems, and construct, analyse, and interpret appropriate actuarial, statistical, and financial models, where appropriate, in an actuarial context.
• The theoretical concepts, methods, and techniques of actuarial science, and their application, including actuarial, statistical, and financial modelling, 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.

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

The undertaking of an in-depth open-ended actuarial investigation, by independent learning, under appropriate supervision.

Students will normally undertake Actuarial Science Case Study 1 over a six-week period in the early summer (typically, mid-June until end-July). There will normally be a choice of two topics for Actuarial Science Case Study 1. Each case study topic will be partially structured, but open ended. The supervisor for a case study topic will meet regularly (usually weekly) with all students taking that case study topic, as a group, to answer questions and provide limited advice and support. Weekly office hours will also be provided, as additional support. Assessment will be by means of an Actuarial Science Case Study 1 Report, of 25-30 pages in length, to be submitted at the end of the relevant six-week period.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.