Two subjects are taught by Actuaries Institute accredited universities: Two are delivered online by the Actuaries Institute: Students who commenced their studies prior to 2020 may have Transition Arrangements. Scheme design and financing (20%). Seven accredited Australian universities offer Actuary Program subjects. Management: the actuarial control cycle, 2nd edition, Institute of Actuaries of Australia. Syllabus Topics Topic Weighting . The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology. Data Analytics Principles. Actuarial Control Cycle. Students who obtain over 75% average for these two courses will be recommended for credit for the Actuarial Control Cycle. 5 Monitoring experience and the Control Cycle (10%) These weightings are indicative of the approximate balance of the assessment of this subject between the main syllabus topics, averaged over a number of examination sessions. The Actuaries Institute is committed to promoting the actuarial profession and is recognised as a source of authoritative, professional and independent comment for the financial services sector and non-traditional areas such as health, environment, climate change, genetics and information technology. Elected annually by Members, the 12-person Council is the Actuaries Institute's peak executive body. View University Courses here. and two subjects delivered by the Actuaries Institute: Communication, Modelling and Professionalism (CMP) Asset and Liability Management . You do not need to complete your degree to apply for any exemptions. Communication, Modelling and Professionalism. Access articles and papers of interest to practitioners, including intellectual property from past events. Part II of the Institute of Actuaries of Australia’s Fellowship requirements comprises Part IIA - the Actuarial Control Cycle - and Part IIB - Investment and Asset Modelling. Pension provision and general business environment (20%). Part II is the Actuarial control cycle and is also offered by each of the universities above (IAA-Part II 2013). Communication, Modelling and Professionalism. In 2015, Macquarie offers three units that together cover the content of Part 2 of the Australian Actuaries Institute educational syllabus – ACST831 Actuarial Control Cycle 1, ACST832 Actuarial Control Cycle 2, and ACST871 Investment Management. Understanding Actuarial Management: the actuarial control cyclewas fi rst published in 2003 by the Institute of Actuaries of Australia, in response to demands from Australian universities for a resource to support Part II of its education syllabus. To have your exemption(s) recognised, you will need to authorise the university to advise the Actuaries Institute. Seven accredited Australian universities offer Actuary Program subjects. 1. Learning resources For this topic you will need these resources: (1) The textbook for ACST402/831 (referred to below as UAM): Bellis, C, Lyon, R, Klugman, S & Shepherd, J (2010) Understanding Actuarial Management: the actuarial control cycle, 2nd edition, Actuaries Institute Chapters 9 and 10. The Actuarial Theory & Practice courses, cover the Actuarial Control Cycle requirements of the Institute of Actuaries of Australia (Actuaries Institute). Actuarial Control Cycle. Communication, Modelling and Professionalism. Australia’s Longevity Tsunami – What Should We Do? 603 pages. Find out more about how actuaries can make a valuable contribution to the development of the sustainability of the microfinance industry. Please see the Actuaries Institute website for information about the changes to the education program and the requirements to become an Associate and Fellow of the Actuaries Institute, including … Two are delivered online by the Actuaries Institute: Asset and Liability Management. © The Institute of Actuaries of Australia, Actuarial Sprint - an app for actuarial students, Phased Introduction of New Fellowship Program Subjects, Actuaries Digital (formerly Actuaries Magazine), Virtual Insights – COVID-19 Update from the Superannuation Practice Committee, Virtual Insights - COVID 19 - Capital Management, Insights - New Professional Standards – Role of Appointed Actuary, Insights - Proposed Changes to the Institute's Disciplinary Scheme, Insights - A Vote for Associates on Council, Insights and Other Events - Video Gallery, Injury and Disability Schemes Seminar 2021, Multi-practice Information and Discussion Notes Archive, General Insurance Information and Discussion Notes Archive, Life Insurance and Wealth Management Standards Archive, Life Insurance and Wealth Management Guidance Archive, Life Insurance and Wealth Management Information and Discussion Notes Archive, Other Life Insurance and Wealth Management Archive, Superannuation and Employee Benefits Standards Archive, Superannuation and Employee Benefits Guidance Archive, Superannuation and Employee Benefits Information and Discussion Notes Archive, Other Superannuation and Employee Benefits Archive, Practice Risk Management eLearning Course, Private Health Insurance eLearning Course, Compliance with CPD requirements of more than one association, Member Benefit for Self-Employed and Semi-Retired Actuaries, Australian Actuaries Climate Index (AACI), Developing the retirement income framework, Spending in Retirement and the Taper Rate, Private health and health care financing – Learning from the world, The impact of climate change on mortality and retirement incomes in Australia, The Social Condition Report - A Suggestion for Financial Services Businesses, People, Projections and Payments: A Look at Modern Government Service Delivery, Building Adaptive Capacity - Individuals, Groups and Society, Social Risks - for a financial services business, Climate Risk Disclosure – financial institutions feel the heat. 5 Risk identification and classification 5% . Your familiarity with its subject matter will probably have been largely gained within the Actuarial Control Cycle course and the Part III Module 1 course in Investments. In 2014, Macquarie offers three units that together cover the content of Part 2 of the Australian Actuaries Institute educational syllabus – ACST831 Actuarial Control Cycle 1, ACST832 Actuarial Control Cycle 2, and ACST871 Investment Management. Macquarie University’s units Actuarial Control Cycle 1 and 2 are accredited by the Institute of Actuaries of Australia as meeting its standards for exemption from part of Part II of the actuarial qualification. Before becoming an Associate, students must also have completed the Foundation Program (previously Part I) and have a minimum of one year of experience. 3.1 Describe the Actuarial Control Cycle and explain the purpose of each of its components. 1 Actuarial advice 2.5% . Welcome to Macquarie University’s Actuarial Control Cycle and Investment Management units! Print This Page. To have your exemption(s) recognised, you will need to authorise the university to advise the Actuaries Institute. Subjects and Syllabus. The syllabus relates to actuarial practice both in the financial services and in other industries. Two subjects are taught by Actuaries Institute accredited universities: Actuarial Control Cycle. The Actuary Program comprises four subjects. From 2019, the Institute of Actuaries of Australis (IAAust) makes changes in their actuarial curriculum by adopting the Institute and Faculty of Actuaries (IFoA)'s new curriculum 2019. 3.2 Demonstrate how the Actuarial Control Cycle can be applied in a variety of practical commercial situations, including its use as a Risk Management Control Cycle. requires the completion of subjects in Parts I, II and III of the professional examinations. I 2013 ): Asset and Liability Management Shock: What Can Insurers Do to?. 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