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.

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