The Actuary Program comprises four subjects. 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. 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. 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. Clare Bellis, Richard Lyon, Stuart Klugman and John Shepherd, Editors. Elected annually by Members, the 12-person Council is the Actuaries Institute's peak executive body. 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. Print This Page. Seven accredited Australian universities offer Actuary Program subjects. 5. For exemption arrangements under the new structure, click here.. View University Courses here. Data Analytics Principles. and two subjects delivered by the Actuaries Institute: Communication, Modelling and Professionalism (CMP) Asset and Liability Management . Monitoring experience and the Control Cycle (10%). Models, valuations and setting assumptions (30%). Actuarial Control Cycle 1 - ACST831. Two subjects are taught by Actuaries Institute accredited universities: Actuarial Control Cycle. Syllabus topics . 4. 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. Examples will be drawn from traditional and non-traditional areas to illustrate and establish the underlying actuarial principles in a problem based learning approach, using case studies and business-based examples. 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. Access CPD and track your progress on the personalised member dashboard here. Two subjects are taught by Actuaries Institute accredited universities: Actuarial Control Cycle. To have your exemption(s) recognised, you will need to authorise the university to advise the Actuaries Institute. 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. Australia’s Longevity Tsunami – What Should We Do? 603 pages. Actuarial Control Cycle. The Actuaries Institute is committed to the development of actuarial science through research and the expansion of the profession into new areas of endeavour. Syllabus Topics Topic Weighting . The textbook, Understanding Actuarial Management – the Actuarial Control Cycle, developed jointly with the Society of Actuaries (SOA), was discussed. 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