Handbook

There is a more recent version of this academic item available.

Overview

Recent occurrences of significant losses in the financial and insurance markets associated with catastrophic events such as heatwaves, floods, cyclones, bushfires, and earthquakes have intensified the need for a systematic approach to modelling, measuring, and managing catastrophe risks. Culprits behind catastrophe risks include frequency, severity, and dependence. This course introduces students to advanced statistical and actuarial models for a variety of risks in financial institutions such as banks, insurance/reinsurance companies, and superannuation funds. Traditional and newly emerging risks encountered therein will be studied, with a special focus on extreme losses, extreme dependence, and loss aggregation over time. Topics covered include: risk measures; multivariate models; copulas and dependence; financial time series; extreme value theory; market credit and operational risk. Students will be implementing the models using computer software.

Conditions for Enrolment

Prerequisites: (ACTL5103 AND ACTL5106) OR (program 4520)

Delivery

In-person - Standard (usually weekly or fortnightly)

Multimodal - Standard (usually weekly or fortnightly)

Fully online - Standard (usually weekly or fortnightly)

Please note that the above delivery information is an indication on how this course may be delivered within the year. Delivery mode(s) for each term can be viewed on other sources such as myUNSW and class timetable site.

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Fees

Type	Amount
Commonwealth Supported Students (if applicable)	$2041
Domestic Students	$4770
International Students	$7020

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Commonwealth Supported Students:

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Where a Commonwealth Supported fee is displayed it does not guarantee that such places are available.

Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

Faculty
Faculty: The primary academic unit in which related disciplines of teaching and research are conducted.

School
School: The academic unit responsible for teaching in disciplines or subject areas (school is part of a faculty).

Study Level
Study Level refers to the academic level of a program, specialisation or course.

Postgraduate

Offering Terms
Depending on the Academic Calendar type, an offering term generally refers to an academic teaching period of between 8-13 weeks in duration.

Term 2

Campus

Sydney

Academic Calendar

Field of Education

081103 Insurance and Actuarial Studies

Timetable

Course Outline
This link will take you to UNSW Course Outline website that is first released for all faculties for 2024 academic year. Note that the Handbook publishes course information regardless of whether the course is offered (and therefore has a course outline available), or not.

Quantitative Risk Management Techniques

ACTL5301

6 Units of Credit