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The Investments Bridging Course is designed to bring students up to the minimum investments knowledge requirements set by the International Actuarial Association's subject Subject 8: Investment and Asset Analysis. While some of this content is covered by the CT courses e.g. CT8 or Part II The Actuarial Control Cycle, most content is in Unit 1 and 2 of the existing Part III Course 1 Investments Course.

Professionalism:
Whistleblowing

This eLearning course consists of online activity‑based learning, course notes and whistleblowing readings. There is no teaching through tutorials or discussion forums. The course has no start and finish dates, with participants being able to enrol at any time.
Participants will have access to the course for a period of 6 months after enrolment.

On conclusion of the course, participants will be able to:

  • describe and explain the statutory duties and discretion to whistleblow, as well as the penalties for non-compliance;
  • describe and explain the statutory protections for whistleblowers and the criteria for a disclosure to qualify for protection;
  • demonstrate an understanding, through completion of a case study, of the statutory whistleblowing regime; and
  • explain the nature of the personal and professional impacts of whistleblowing and identify sound risk management measure that can be put in place to address or minimise those risks.

This course is an update of the original Private Health Insurance course that was launched in July 2007.

With the support of the Private Health Insurance Administration Council (PHIAC), the Institute of Actuaries of Australia developed the online Private Health Insurance CPD Education Course in 2007. The Course will equip actuaries and their technical staff with the necessary knowledge and skills to understand the specific conduct and operations of private health insurance in Australia .

The course has been written in a way that also makes it valuable for other health insurance practitioners including financial staff, general management and Board members.

To obtain a certificate of completion for this course, you will be required to complete a final assessment task. It is expected that your answers will show understanding and application of the material covered. Please do not simply “cut and paste” from the course materials or readings.

Local health insurance actuaries are willing to hold question and answer sessions on the course if there is sufficient interest. Please contact the Institute of Actuaries of Australia if you would be interested in attending such a session.

The 2010 update to the Private Health Insurance course incorporates changes to legislation, professional standards, industry activity and health reform since the original course was launched in July 2007.


Professionalism:
Practice Risk Management

This eLearning course consists of online activity‑based learning, course notes, case study readings, checklists and practice risk management readings. There is no teaching through tutorials or discussion forums. The course has no start and finish dates, with participants being able to enrol at any time.
Participants will have access to the course for a period of 6 months after enrolment.

On conclusion of the course, participants will be able to:

  • describe and explain the different practice risk management techniques and tools that can be adopted in order to minimise the risk of professional liability;
  • demonstrate an understanding, through awareness of case studies, of the relevance and importance of implementing effective practice risk management techniques;
  • identify what practice risk management techniques and tools could prevent known failures; and
  • identify specific measures to put in place in own practice to effectively manage practice risks.

This CPD course is provided for demonstration purposes only. The actual course content may not be identical with the content in this demonstration course.

This course is an update of the original Private Health Insurance course that was launched in July 2007.

With the support of the Private Health Insurance Administration Council (PHIAC), the Institute of Actuaries of Australia  developed the online Private Health Insurance CPD Education Course in 2007. The Course will equip actuaries and their technical staff with the necessary knowledge and skills to understand the specific conduct and operations of private health insurance in Australia .

The course has been written in a way that also makes it valuable for other health insurance practitioners including financial staff, general management and Board members.

The 2010 update to the Private Health Insurance course incorporates changes to legislation, professional standards, industry activity and health reform since the original course was launched in July 2007.

Data Analytics Online Study Group

The Data Analytics online study group is conducted via Learning Management System (LMS) forum. This tool will allow students to share notes and discuss questions. The study group will commence from 4 April 2016 for 5 weeks. This tool is online with no face to face contact or webinars.



The aim of Part A of the Life Insurance Course is to provide the actuary with the knowledge, skills and judgement necessary to tackle a range of management related problems relating to the pricing, general environment and risk management practices of life offices and associated funds management companies.

The aim of Part 2B of the Life Insurance Course is to provide the actuary with the knowledge, skills and judgement necessary to tackle a range of management related problems in the life insurance field relating to placing a value on liabilities, reporting and interpreting profit.

Part A of this Course introduces the general insurance market in terms that enable you to understand the role that the actuary plays in the management of risk within the industry. In particular it develops key skills developed in your previous actuarial studies into tools to be applied to:

  • estimation of insurance liabilities
  • measurement of the uncertainty surrounding such liabilities; and
  • accounting provisions for actuarial calculations.

Part A of this Course introduced the general insurance market in terms that enable you to understand the role that the actuary plays in the management of risk within the industry. It also developed the key actuarial skills gained from earlier stages of the education process into core techniques and methodologies. Application of thee tools was then put in the context of management of general insurance liabilities and accounting for these liabilities.

Part B of the Course extends the skills of the actuary to include all areas of financial management of a general insurance entity, with particular focus on pricing of risks, premium rating and capital management.

The goal of Course 3 Part B, it to put the student in a position of understanding and being able to apply techniques for the construction of a Financial Condition Report for a general insurer.


This is the Part A (Module 2) course in the Institute's Part III Investment Management and Finance specialist stream. 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. The material in these courses will be taken as assumed knowledge for this Module 2 course, so you should take the opportunity to reacquaint yourself with it should you feel the need to do so.

What distinguishes Module 1 from Module 2 is depth of treatment and you will be expected to display a corresponding depth of knowledge and understanding. When Module 3 is added in, the Institute’s aim is to make you as "practitioner ready" as any course of study can. This reflects the Part III program’s key requirements for each practice area:

  • Environmental and technical knowledge,
  • The application of relevant actuarial skills, and
  • The exercise of judgement and the development of problem solving abilities.

This subject is the second of two modules comprising the Investment Management and Finance Part III subject of the actuarial education program in Australia.

The aim of the Part III actuarial program, which requires students to complete two Part III subjects for Fellowship, is outlined below.

You are required to demonstrate:

  1. Environmental knowledge - a strong knowledge of the nature, operations, legislation and current issues of the selected practice area(s).
  2. Actuarial skills - a detailed knowledge and understanding of the application of actuarial concepts and skills to the chosen practice area(s).
  3. Judgement - an ability to apply judgement to solve problems in the chosen practice area(s) that may be characterised by complexity, varying degree of clarity of definition and novel or unforeseen circumstances.
  4. Ability to distil important issues from a mass of detail.

This course is the first part of the Institute's Part III Global Retirement Income Systems stream comprising two courses:

  • Course 6A
  • Course 6B

The GRIS courses are part of the Institute’s professional education program, however it is also intended that they are accessible, viable and useful in a more general context. It is recommended that Course 6A be undertaken before Course 6B, as Course 6B presumes familiarity with the content of Course 6A.

The two GRIS courses have been structured to focus on key principles and then consider how those principles may be applied in practice. From the broad actuarial perspective, this is demonstrated through the explicit use of the Actuarial Practice and Control paradigm (see Course 6A, Learning Objective 4.1) both in the overall syllabus design and explicitly in Course 6A. In Course 6B the use of the Actuarial Practice and Control paradigm is expressed within the actuarial tasks performed in relation to retirement income system. Judgement is a key aspect of the professionalism expected from actuaries and this is recognised through the multitude of sections of the courses that rely on judgement and professionalism more generally.

The GRIS 6A course has been rewritten in 2013 and has changed significantly. While the structure of the units continues to follow the Actuarial Practice and Control paradigm, there is a new Unit 3 on the Australian Environment and most of the reading material is new.


This course is the second part of the Institute's Part III Global Retirement Income Systems stream comprising two courses:

  • Course 6A
  • Course 6B

The GRIS courses are part of the Institute’s professional education program, however it is also intended that they are accessible, viable and useful in a more general context. It is recommended that Course 6A be undertaken before Course 6B, as Course 6B presumes familiarity with the content of Course 6A.

The two GRIS courses have been structured to focus on key principles and then consider how those principles may be applied in practice. From the broad actuarial perspective, this is demonstrated through the explicit use of the Actuarial Practice and Control paradigm (see Course 6A, Learning Objective 4.1) both in the overall syllabus design and explicitly in Course 6A. In Course 6B the use of the Actuarial Practice and Control paradigm is expressed within the actuarial tasks performed in relation to retirement income system. Judgement is a key aspect of the professionalism expected from actuaries and this is recognised through the multitude of sections of the courses that rely on judgement and professionalism more generally.

The GRIS 6B course has been rewritten in 2013 and has changed significantly. The titles of all units have changed and most of the reading material is new. The new Unit 1 is on providing advice on Retirement incomes. New content has been added on Defined Contributions Schemes.

This is an online resource for Course 7A ERM (Module 1 of Part III) This resource contains important information on course materials, the ST9 exam, and the ERM workshop. The aim of the Enterprise Risk Management subject is to instill in successful candidates the key principles underlying the implementation and application of ERM within an organisation, including governance and process as well as quantitative methods of risk measurement and modelling. The student should gain the ability to apply the knowledge and understanding of ERM practices to any type of organisation.

Commercial Actuarial Practice’ was first offered to Part III students in Semester 2, 2005. The course is compulsory for all new Part III students. The overall objectives of this course are to provide students with the skills and knowledge to be able to:
  • apply actuarial skills across a range of traditional practice areas and in unfamiliar (i.e. non-traditional) areas by contextualising actuarial solutions or approaches in the wider commercial environment of the business as a whole
  • apply ethical concepts, corporate governance requirements and actuarial professional standards when contextualising actuarial solutions or approaches.
  • successfully communicate the actuarial solutions or approaches to a range of audiences.
It consists of:
  • pre-reading materials
  • a four-day course (the nature of the program is such that residence is not mandatory but highly recommended)
  • two assessments: a one day case study exam, and a post-course assignment to be completed within two weeks after the residential course.

This is an online resource for the Professionalism Course. It contains information on the Professionalism Course, as well as venue information and pre-reading materials.

The Professionalism Course provides members with an opportunity to reflect on what it means to be a professional, and it aims to facilitate knowledge of the obligations, risks and the legal responsibilities of being a member of the actuarial profession. The course focuses on the Institute Code of Professional Conduct and its practical applications, the ethical requirements of being an actuary and the dilemmas likely to be faced in practice. The two-day residential course also seeks to strengthen the professional network of those attending.

The aim of Part 2B of the Life Insurance Course is to provide the actuary with the knowledge, skills and judgement necessary to tackle a range of management related problems in the life insurance field relating to placing a value on liabilities, reporting and interpreting profit.

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