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This course covers the actuarial mathematics and models for use in the analysis and actuarial management of life insurance and superannuation contract. Topics covered include: the main forms of life insurance and annuity contracts, disability and long term care contracts and superannuation fund benefits; actuarial notation and the life table; moments of the value of the benefit payments; Thiele's differential equation for policy values; stochastic modelling of claims and benefit payments; gross premiums, net premiums, policy values and reserves; allowing for expenses and inflation; use of discounted emerging costs and profit tests; asset shares in life insurance; termination and alteration values; cost of guarantees; joint life functions; actuarial valuation of disability insurance contracts. 


UNSW Business School

Study Level


Offering Terms

Term 1



Delivery Mode

Partially online

Indicative contact hours


Conditions for Enrolment

Prerequisite: ACTL5101, ACTL5102 and enrolment in program 8411 or 8416

Course Outline

To access course outline, please visit:


Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

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