The University of Newcastle, Australia
Not currently offered
Course code



10 units


2000 level

Course handbook


This course will provide you with a foundation in the processes involved in actuarial modelling for assessing risk and modelling survival in pricing insurance. It has been designed to meet the syllabus requirements of the Institute and Faculty of Actuaries subject CT4 ¿ Models.


Not currently offered.

Learning outcomes

On successful completion of the course students will be able to:

1. Describe the principles of actuarial modelling, stochastic processes and their different types.

2. Define and apply Markov chains and processes.

3. Explain the concept of survival models.

4. Describe and model mortality.

5. Describe how to test crude estimates for consistency with a standard table or a set of graduand estimates, and describe the process of graduation.


The topics in this course include but are not limited to:

  1. Actuarial modelling and stochastic processes
  2. Markov chains
  3. Markov processes
  4. Survival models
  5. Mortality modelling
  6. Exposed-to-risk and graduation
  7. Graduation and statistical tests

Assumed knowledge


Assessment items

Quiz: Quiz

Formal Examination: Final Exam

Written Assignment: Assignment